What is the ruling on purchasing a car by installments through Murabaha from an Islamic bank in Algeria, given that the bank stipulates insurance on the loan, and is this insurance considered permissible, or is it life insurance?

Installment sales and Murabaha, when adhering to Shariah-compliant regulations, are permissible. However, stipulating insurance on the debt requires clarification:

1. If the insurance is arranged through the bank itself, this falls under the category of stipulating one contract within another, which is impermissible and invalidates the sale.

2. If the insurance is arranged through an independent company, it is permissible in principle, akin to requiring a guarantor. However, if it is commercial insurance, it is not permissible. If it is cooperative insurance, there is no objection to it. An Islamic bank is not permitted to stipulate commercial insurance if no other option is available.