Life insurance payout

· 29 Shawwal 1438 AH1 min readEnglish
Business and DealingsInterest and GamblingInsurance and Medical aidlife insurancepayout

Question

Old Mutual life insurance investment funds.

1. If the family gets paid out from such an investment, will it be permissible for them to use that money?

2. If not, can it be given to a family member legible for zakaat or to pay Sars, fines etc.

Answer

They may receive the amount that the deceased had contributed and the rest must be given to some poor deserving persons.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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