Life insurance and insurance in general : employer-provided life insurance

Fatawa Question

Assalamu Alykum. Jazak Allah Khair for the answer. I have two more questions : Q.1) My employer provides me with 1.5x my base salary life insurance with no contribution (payments) from me. I am not sure if the life insurance is not-interest. Is it halal for me family to benefit from the life insurance after my death. Q.2) Is it halal to trade stocks for companies that deal with interest (Riba) but they do not conduct haram biz (e.g. alcohol, etc). I think it's another controversial issue. Some scholars say it's haram, other say it's Halal and they put conditions and percentages on the amount of the interest loans to a company assets. Could you detail the conditions and percentages (with the logic of how these percentages were decided) if you support the second opinion. Jazak Allah Khair, Salamu Alykum.

Fatwa

Click hereto view more

Publication Date

2006-04-18

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-787783

• APA
• MLA
• AMA