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Question # : 1234

Pakistan

What is about takaful (Islamic insurance) concept? Is it Halal?

Answer : 1234

Published on: Feb 13, 2008

بسم الله الرحمن الرحيم


(Fatwa: 244=339/D)


 


It is allowed to take guarantee of ones wealth and life. There is an entire chapter of Kifalah in Islamic Fiqh books. As far as Takaful (Islamic Insurance) is concerned what are its features and other conditions? Please, explain the nature of this concept, then we shall have a say in the matter.



Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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