[Liquidating a life insurance]

Fatawa Question

I had life insurance and I paid around $ 10,500 in installments. And now I have cancelled that insurance but they refunded me only $ 6200.0 instead of $ 10,500 that I paid to them, but in addition to that they gave me $ 1800.0 as bonus for 7 years. So total refunded with bonus is $ 8000.0. So my question is : can I use this $ 1800.0 which is given as bonus. (they call it bonus).

Fatwa

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Publication Date

2012-04-30

Main Subjects

Economy and Commerce
Islamic Studies

Topics

• Islamic jurisprudence
• Life insurance

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-733163

• APA
• MLA
• AMA