Transactions & Dealings >> Interest & Insurance

Question ID: 769Country: India

Title: Is it permissible to accept the money from the insurance company due to an accident?

Question: Is it permissible to accept the money from the insurance company due to an accident?

Answer ID: 769Posted on: Sep 1, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 377/362=N)

It is prohibited to accept more than the amount you deposited, because the additional amount is interest which has been explicitly declared haram in Islam. The Quran says:

واحل اللہ البیع و حرم الربوا (الآیۃ)

?Allah hath Permitted trade and forbidden usury? (2/275)

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: Is it permissible to accept the money from the insurance company due to an accident?

Question: Is it permissible to accept the money from the insurance company due to an accident?

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