Taking out life policy to pay for estate duty
Question
I have taken out life cover to pay for estate duty and capital gains tax in my estate when I pass. I have been advised if the intention is to safeguard my wealth and my family from hardship this is permissible. please advise.
Answer
It is not permissible.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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