Cancelling an insurance policy
Question
I did an insurance policy in 2014 for 10 yrs, every year I need to pay a premium of 35k. Last year I got to know that it is haram and I wanted to get myself out of that. But If I opt out now, I will loose 80% of my money. Will I be getting sin for continuing that policy. Should I just stop paying the premium. What should be my approach in this matter.
Answer
The best is to stop paying the premium.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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