Life insurance and insurance in general : insurance transactions from the Shari'ah point of view

Fatawa Question

Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, In the west Car and home insurance is needed. Health insurance and life insurance is provided by the employer. Are these insurance transactions Haram as Riba ? Secondly, can one buy extra insurance for paid monthly expenses in case one gets sick and disabled after a certain time ? Can one buy more home insurance against liability and lawsuits ? These issues are either required or highly recommended or needed in America. Thank you. Jazakum Allahu Khairan for your constant help

Fatwa

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Publication Date

2006-12-14

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-787786

American Psychological Association (APA)

Qahf, Mundhir. 2006-12-14. Life insurance and insurance in general : insurance transactions from the Shari'ah point of view. .
https://search.emarefa.net/detail/BIM-787786

Modern Language Association (MLA)

Qahf, Mundhir. Life insurance and insurance in general : insurance transactions from the Shari'ah point of view. 2006-12-14.
https://search.emarefa.net/detail/BIM-787786

American Medical Association (AMA)

Qahf, Mundhir. 2006-12-14. Life insurance and insurance in general : insurance transactions from the Shari'ah point of view.
https://search.emarefa.net/detail/BIM-787786