To what extent is it permissible for a husband to agree with a bank to deduct a portion of his salary monthly as insurance for his two children, whereby they receive approximately double the amount upon reaching 21 years of age, and the bank automatically pays the amount in the event of the husband's death?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Commercial life insurance is forbidden; therefore, the aforementioned policy is unlawful. The husband must request to transfer his salary to an Islamic bank if the bank is usurious; otherwise, he should withdraw his salary directly.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/155146
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- Ftawy
- Original fatwa ID
- 155146
- Imported
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- Source text, unreviewed
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