Insurance
706 questions
Why does the ruling on the monthly pension amount differ from that on the end-of-service gratuity, even though the insurance funds for both are invested in interest-bearing debt instruments?
Is joining a voluntary pension scheme at a software company in England, without knowing where its money is invested, better than not joining, or is it better to know the places where the money is invested, so that if they are permissible, one joins?
Is the monthly deduction from the salary in a workplace, which is used to compensate workers for medical treatments, considered a cooperative fund that is permissible to subscribe to, knowing that subscription is voluntary and that the institution pays from its own funds if the amount collected from the workers is insufficient?
What is the ruling on a benevolent loan if it is stipulated that 1.5% of its value be deducted in exchange for subscribing to a system that exempts the deceased from repaying loan balances?
Is it permissible to claim the value of a broken phone from insurance paid for fire damage or major problems, with the aim of recovering a portion of the paid premiums?
What is the ruling on working for a software company that builds websites for American insurance companies, knowing that a part of these companies' work is life insurance?
What is the ruling on working in the maintenance and air-conditioning of buildings that belong to companies engaged in permissible activities, some of which are subject to اختلاف (difference of opinion) regarding their permissibility (such as circuses), or permissible activities (such as insurance)?
Does determining the amount of Takaful insurance in the event of death or total disability, based on the subscription amount and risk factors determined by the company, contradict the provisions of Islamic Sharia?
What is the ruling on purchasing insurance when buying a travel ticket to obtain the benefit of changing the departure or return date or canceling the trip due to an emergency, and is this considered permissible gharar (uncertainty/risk)?
What is the ruling on a contract to purchase a house in installments from a German real estate company, where financing is obligatorily provided by an insurance company, through a four-party contract that brings together the real estate company, the financing insurance company, the contractor, and the beneficiary, with a fixed and known profit margin, a fixed installment, and a known repayment period, with the insurance company overseeing the construction phases, and without any increase in the installment in case of late payment? Is this sale permissible or does it involve usury (riba)?
What is the ruling on insuring goods imported to and exported from Morocco, or insuring exchange rates, or against non-payment by the customer, or on the goods themselves when displayed, in the absence of Islamic insurance companies?
Is it permissible to obtain a credit card (Visa/MasterCard) with the condition of mandatory insurance against theft or the theft of funds?
Is investing in bank funds for stock speculation permissible?
What is the ruling on the money that the insurance company paid to the employee in exchange for his lost belongings, and is it permissible to spend it on good causes if it is not lawful?
What is the ruling on subscribing to a retirement insurance program through which the company trades in real estate and government bonds via an interest-based bank, knowing that the full amount paid can be withdrawn?
What is the blood money (diyah) for physical injuries (fractures and wounds) and material damages (to the motorcycle) resulting from a traffic accident caused by a car that hit a motorcycle? And is taking this blood money forbidden (haram)?
Is it permissible to work for an international shipping company that transports prohibited items – such as alcohol – from one country to another, knowing that the employee’s job is "managing customer issues and affairs"?
What is the ruling on benefiting from partial compensation from insurance paid by the company, as a gift to help workers, without deduction from salary?
Is the profit from educational centers that use music, film clips, and non-original software dubious (haram), and should one continue the partnership or sell the shares, and what should be done with the profits acquired before selling?
What is the ruling on money earned by a doctor who doubles the cost of examination and prescribes all types of tests for a patient simply upon knowing that the patient has an insurance card, given that medical insurance is mandatory in the UAE?
Is it permissible for an individual who was a member of an insurance company that converted into a joint-stock company to retain shares granted to him in exchange for a sum he previously paid, knowing that he is still paying insurance premiums?
Will I have paid off my debt by giving the full insurance amount I received to the dorm supervisor, instead of part of her due amount which she did not receive from the landlord, because I was embarrassed to tell him about the damage to my bed which he did not notice upon delivery?
Is health insurance, which relies on contributions from the company and employees to a special fund to disburse medical reimbursements to employees based on their optional request, considered cooperative insurance permissible to subscribe to, knowing that surplus amounts are not returned to employees but are carried over to the following year?
Is it permissible to eat from the food of my fiancé's family, knowing that his father works for an Egyptian insurance company and will help him with the wedding expenses?