Search Islamic Finance Answers

1,000+ scholar-approved answers and growing...

Insurance Of Property Bought Under Musharakah
In the case of a Musharakah contracted for the purpose of financing the purchase of property, is it permissible to make the partner who will be the eventual owner liable for insuring the property?
Insurance is the responsibility of both partners and it will not be permissible to make one of the partners liable to bear insurance premiums. However, the bank may consider recovering its insurance expense by building them into the amount of rent payable to it by the other partner.

ASK AN ISLAMIC FINANCE QUESTION

Each question is reviewed by an Islamic finance expert and approved by a scholar.

Ask Now »

SEARCH ISLAMIC FINANCE Q&As

Browse one of the world's largest database of Islamic finance Q&As available online.

View details »

What’s New at Ethica

Press releases, live events, book recommendations, discount offers, and more

View details »

sliderFooter
sliderFooter
sliderFooter
sliderFooter
sliderFooter
sliderFooter
sliderFooter
sliderFooter
sliderFooter
sliderFooter
sliderFooter
sliderFooter
sliderFooter
sliderFooter