Miscellaneous >> Halal & Haram
Question ID: 157403Country: India
Answer ID: 157403
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 436/380/L=4/1439)
In the above mentioned case it shall be legitimate for you to use amount equal to the amount which you have deposited i.e. whatever you paid to the insurance company in the form of installments. It is not lawful to use the extra amount as it is interest.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India