Earning from takaaful insurance

· 29 Jumada II 1440 AH1 min readEnglish
Business and DealingsIjaarahPermissible and Impermissible employmentWorking for insurance companies

Question

1. Is the earning from takaaful insurance clearly stated as haraam?

2. If such a person invites a friend for a dinner party at his home, will it be halaal for him to consume such type of food?

Answer

1. Up to this point we do not find a difference between takaaful and conventional insurance. Just changing words around does not make a haraam into permissible.

2. If he is going to feed the friend mainly from this type of a wealth then the friend should kindly excuse himself.

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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