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Life Insurance: Halal Or Haram
Posted: Mon Mar 23, 2009 8:44 am
by AbdiWahab252
Is life insurance considered haram or halal ? Can a monthly contribution to a insurance policy that will provide $XXXX to your family upon your death be considered as investment in a business ?
Re: Life Insurance: Halal Or Haram
Posted: Mon Mar 23, 2009 8:46 am
by kambuli
A/W,
Yaad ka takhaluseysaa Cabdiyow?
Re: Life Insurance: Halal Or Haram
Posted: Mon Mar 23, 2009 8:46 am
by AbdiWahab252
kambuli wrote:A/W,
Yaad ka takhaluseysaa Cabdiyow?
Kambuli,
Adiga.
Re: Life Insurance: Halal Or Haram
Posted: Mon Mar 23, 2009 8:51 am
by kambuli
Wallaahay it is scary you never know..I read from the news about two old, very old women, who insured a homeless guy, and then killed him to get the money....Acuudu Bilaah
Re: Life Insurance: Halal Or Haram
Posted: Mon Mar 23, 2009 8:52 am
by AbdiWahab252
Kambuli,
I saw that too. May Allah prevent us from having such people in our lives.
How are you doing ?
Re: Life Insurance: Halal Or Haram
Posted: Mon Mar 23, 2009 9:13 am
by ms.naliaa
Im on the fence when it comes life Ins.
Re: Life Insurance: Halal Or Haram
Posted: Mon Mar 23, 2009 9:15 am
by kambuli
Re: Life Insurance: Halal Or Haram
Posted: Mon Mar 23, 2009 9:18 am
by AbdiWahab252
Kambuli,
MsNalia,
Why ?
Re: Life Insurance: Halal Or Haram
Posted: Mon Mar 23, 2009 9:22 am
by ms.naliaa
AbdiWahab252 wrote:
MsNalia,
Why ?
Well on the one hand, your putting a price on you life and that should be the case
On ther other hand, its a way to take care of your family should you depart from this world. I mean if its a single mother or a the father being the sole bread winner in the family...theres massive implications if they were to lose their lives on the family members that have been left behind.
So im on the fence.
Re: Life Insurance: Halal Or Haram
Posted: Mon Mar 23, 2009 9:25 am
by AbdiWahab252
MSnalia,
It is important to have your family taken care of especially if the children are minors and depend on you.
Re: Life Insurance: Halal Or Haram
Posted: Mon Mar 23, 2009 9:27 am
by Cawar
It s Halal if you lose trust in the one who created you, sustains you and promised every living creature his Irzaaq.
Save some money for your loved ones if you can.. while alive.. not earn them funny money when you die.. how many ppl get killed because of life insurance??
Re: Life Insurance: Halal Or Haram
Posted: Mon Mar 23, 2009 9:30 am
by AbdiWahab252
Cawar,
I do beleive in Irzaqa but why not supplement it.
As for people being killed for their policies, you can also be killed for your wealth.
Re: Life Insurance: Halal Or Haram
Posted: Mon Mar 23, 2009 9:30 am
by ms.naliaa
AbdiWahab252 wrote:MSnalia,
It is important to have your family taken care of especially if the children are minors and depend on you.
True.
Cawar wrote:It s Halal if you lose trust in the one who created you, sustains you and promised every living creature his Irzaaq.
Save some money for your loved ones if you can.. while alive.. not earn them funny money when you die.. how many ppl get killed because of life insurance??
True.
Re: Life Insurance: Halal Or Haram
Posted: Mon Mar 23, 2009 9:31 am
by muslim-man
Abdi252,
U have lots of moryaan relatives, Dont take the risk blud
On a serious note, i agree with cawar boqolkiba boqol
Re: Life Insurance: Halal Or Haram
Posted: Mon Mar 23, 2009 9:32 am
by AbdiWahab252
Muslim-man,
Don't worry I will count on my Garissa mke's people.