Working in insurance companies and actuarial business : work in providing liability and other insurances

Fatawa Question

I have an opportunity to underwrite financial institutes referring to banks and investment firms and provide insurance to these entities based on directors and officers, epl. crime, cyber and k and r product lines. Can you please let me know of this is a permissible occupation. Epl refers to employment practice liability and k and r referring to kidnap and ransom. The product line that gives me most concern is the director and officer insurance which basically provides insurance for the board of directors for the decisions they make in regards to the bank they work for and any shareholder suits and security claims against that bank. Thank you,

Fatwa

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Publication Date

2011-10-17

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-731122

American Psychological Association (APA)

Qahf, Mundhir. 2011-10-17. Working in insurance companies and actuarial business : work in providing liability and other insurances. .
https://search.emarefa.net/detail/BIM-731122

Modern Language Association (MLA)

Qahf, Mundhir. Working in insurance companies and actuarial business : work in providing liability and other insurances. 2011-10-17.
https://search.emarefa.net/detail/BIM-731122

American Medical Association (AMA)

Qahf, Mundhir. 2011-10-17. Working in insurance companies and actuarial business : work in providing liability and other insurances.
https://search.emarefa.net/detail/BIM-731122