Gift of investment of family Takaful : can we do Hibah on an investment attached to an insurance policy

Fatawa Question

Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, Is there any opinion that the money paid to a beneficiary under a death benefit of an insurance / Takaful policy does fall under the Faraid distribution on the view that the money does not belong to the insured ? We can't do a Hibah on death benefit but can we do a Hibah on an investment / saving attached to an insurance policy such as a unit trust account ? Jazakum Allahu Khairan for your constant help

Fatwa

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Publication Date

2006-09-05

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-787790

American Psychological Association (APA)

Qahf, Mundhir. 2006-09-05. Gift of investment of family Takaful : can we do Hibah on an investment attached to an insurance policy. .
https://search.emarefa.net/detail/BIM-787790

Modern Language Association (MLA)

Qahf, Mundhir. Gift of investment of family Takaful : can we do Hibah on an investment attached to an insurance policy. 2006-09-05.
https://search.emarefa.net/detail/BIM-787790

American Medical Association (AMA)

Qahf, Mundhir. 2006-09-05. Gift of investment of family Takaful : can we do Hibah on an investment attached to an insurance policy.
https://search.emarefa.net/detail/BIM-787790