Transactions & Dealings >> Interest & Insurance
Question ID: 1234Country: Pakistan
Answer ID: 1234Posted on: Aug 31, 2020
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