Takaful : issues in conventional insurance
Fatawa Question
AssalamuAlaikum Dear Dr. Monzer, I hope you are in a pink of health. May Allah bless you with a healthy life and continuously living in Iman. InSha Allah. I am a Shari’ah student. Currently, I am studying Masters on Islamic studies. I am doing a research on conventional insurance in Malaysia and I need your opinion on some of the issues pertaining to conventional insurance. If you don't mind, can you answer my questions so that I can have a clear picture on these matters. Below are my questions : 1-Is it possible for us to avoid the elements of Riba (usury), Gharar (uncertainty) and Maisir (gambling) in a conventional insurance contract ? If it is possible, then, how do we avoid it ? 2-In Malaysia, there were clerics (Fatwas) which were codified and approved by the Malaysian Government, telling that conventional insurance is Haram because it contains the elements of Riba, Maisir and Gharar, which then, made the insurance contract, became Fasid or invalid in the eyes of Shari’ah. What is your opinion regarding this matter ? Did we need to renew the clerics, as we know that, clerics can change with the change of times and places ? That's all Dr Monzer. I hope to hear from you soon. Thank you. Yours sincerely,
Fatwa
Click hereto view more
Publication Date
2011-12-20
Main Subjects
Economy and Commerce
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-729477
American Psychological Association (APA)
Qahf, Mundhir. 2011-12-20. Takaful : issues in conventional insurance. .
https://search.emarefa.net/detail/BIM-729477
Modern Language Association (MLA)
Qahf, Mundhir. Takaful : issues in conventional insurance. 2011-12-20.
https://search.emarefa.net/detail/BIM-729477
American Medical Association (AMA)
Qahf, Mundhir. 2011-12-20. Takaful : issues in conventional insurance.
https://search.emarefa.net/detail/BIM-729477