Question # : 155
India has launched an insurance scheme for handicrafts artisans. under the scheme the artisan has to pay rs.200 to insurance co. & govt of india will pay rs.801 towards insurance co.In return the insurance co. will pay rs.100000 to the artisan in case of accidental death or a serious injury leading to permanent diability. If there is no death or injury then insurance co. will pay rs.18000 in case there is illness to artisan or his family member. If there is no death, injury or illness the whole amount will go insurance co. the scheme is for one year. it can be renewed after one year by contributing the same sum. please let us know about the scheme whether it is lawful or unlawful.
Answer : 155
Published on: Feb 13, 2008
بسم الله الرحمن الرحيم
The aforesaid scheme contains interest as well as Qimar (gambling); and both these things are unlawful by the Quran. Therefore, this scheme will be haram.
Allah knows Best!
Darul Uloom Deoband
I am living here in Godhra and practicing since from last 13 yrs. I was also working in homoeopathic medical college since from last 12 yrs. Now recently appointed as professor in govt.college around 60 k.m. from Godhra now the big question is that i am getting salary around 20000/ twenty thousand rupees p.m.and medical practise is also officialy allowed so per month gaining will be around 40000/ so i have to pay around 45000/ rs. per annum in income tax which will be the best solution for me to save this amount. There are so many ways among them one is house loans (most of my coligue has taken which are non muslims) second is investing money in differnt funds where not a single way is intrestless kindly guide me for the same as such i am badly in need of home near vadodra which is around 30 k.m. from my working place. May god gives you instead of your service. Kindly reply soon.