Takaful : employer’s offered health insurance

Fatawa Question

Assalamu Alaykum, I have a job with a well-paying salary. I need medical treatment on a condition I have but it will be costly, enough to dent my salary or leave nothing left from each month. I am insured with my father's insurance plan for one more year. I have read that conventional health insurance is forbidden when one can opt out of it-my father cannot opt out of his insurance plan. I have also read that many scholars have stated that conventional health insurance is not Haram if treatment is very costly and public healthcare is not available. I am not eligible for the state's healthcare, and the treatment that I need will probably not be covered if I was. Do I pay out of my own pocket even though it will be extremely costly or can I use my health insurance coverage up until I do not need any more treatment ? Also, why would conventional health insurance be Haram due to the companies gaining interest on the money that we give them ? If I buy something from someone and he puts the money I give him in an account that bears interest why is it my problem ? Jazak Allahu Khairan

Fatwa

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Publication Date

2013-01-08

Main Subjects

Economics & Business Administration
Islamic Studies

Topics

• Islamic jurisprudence
• Insurance
• Employers
• Health insurance

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-729484

• APA
• MLA
• AMA