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    Question ID: 1234Country: Pakistan

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

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

    Answer ID: 1234

    Bismillah hir-Rahman nir-Rahim !

    (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 (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India