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Islamic Alternative To Conventional Insurance
Conventional insurance is not permissible. Islamic cooperative insurance or Takaful is a possibility but offered as a stand-alone product.
Conventional insurance is not permissible. Islamic cooperative insurance or Takaful is a possibility but offered as a stand-alone product.
Accepting Benefits Greater Than Actual Loss
It is not lawful to accept benefits greater than the amount of actual losses incurred based on the annual payment of premium that insures a greater...
It is not lawful to accept benefits greater than the amount of actual losses incurred based on the annual payment of premium that insures a greater...
Returning Benefits In Excess Of Expenses
It is lawful for the bank to use the benefits paid out to it by the Takaful company to make a direct payment for expenses associated with the...
It is lawful for the bank to use the benefits paid out to it by the Takaful company to make a direct payment for expenses associated with the...
A Fee For Guaranteeing Operation
It is lawful that a fee be paid to a vendor for the inspection of the cars and their repair when they break down. On the other hand, an agreement...
It is lawful that a fee be paid to a vendor for the inspection of the cars and their repair when they break down. On the other hand, an agreement...
Transferring A Right To Benefits
It is lawful to transfer a right to benefits from a Takaful insurance plan to the purchase pledger at the conclusion of a Murabaha sales contract,...
It is lawful to transfer a right to benefits from a Takaful insurance plan to the purchase pledger at the conclusion of a Murabaha sales contract,...
Permissibility Of Health Insurance
Whether an insurance arrangement is mutual or non-profit does not make it Islamic. What makes Takaful Shariah-compliant is the overall structure...
Whether an insurance arrangement is mutual or non-profit does not make it Islamic. What makes Takaful Shariah-compliant is the overall structure...
Insuring Buildings
It is lawful to insure buildings against fire so long as the benefit payments are commensurate to the amount of actual damage.
It is lawful to insure buildings against fire so long as the benefit payments are commensurate to the amount of actual damage.
Returning Excess Collected For Premiums
It is not lawful for the bank to keep any amount in excess of the premiums to be paid; it must be returned to the subcontractors.
It is not lawful for the bank to keep any amount in excess of the premiums to be paid; it must be returned to the subcontractors.
The Client's Insurance Of Murabaha Goods
It is not lawful for the client to insure the goods at his own expense since the goods are the property of the bank. It is only permissible that he...
It is not lawful for the client to insure the goods at his own expense since the goods are the property of the bank. It is only permissible that he...
Insurance
Abu Hurayra (Allah be well pleased with him) said, "The Messenger of Allah ( Allah bless him and give him peace) prohibited sales of 'whatever a...
Abu Hurayra (Allah be well pleased with him) said, "The Messenger of Allah ( Allah bless him and give him peace) prohibited sales of 'whatever a...
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