Title: Pls inform that if I make a insurance through LIC. and I want to back only my deposited money. Rest I will give to poor/needy person without any intension of reward. But if there any scheme that after my death my nominies (after my death they will be offcourse orphan and needy) will get some money (this will not be my deposited money, this will be only under a scheme after my death). Pls inform if that money will be halal for them or not. Pls also inform one more thing that can I give the name "Musa" to my child. Is this ok ? Pls reply as soon as possible.

Question: Dear Sir, Assalamualaikum, I did not yet received any reply on my question ID 22618 / 22982 / 23477 (question is as below) Pls inform that if I make a insurance through LIC. and I want to back only my deposited money. Rest I will give to poor/needy person without any intension of reward. But if there any scheme that after my death my nominies (after my death they will be offcourse orphan and needy) will get some money (this will not be my deposited money, this will be only under a scheme after my death). Pls inform if that money will be halal for them or not. Pls also inform one more thing that can I give the name "Musa" to my child. Is this ok ? Pls reply as soon as possible.

Answer ID: 23598Posted on: Sep 1, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1031/842/D=1431)

(1) It is wajib to give that extra amount in charity which one gets except the capital amount deposited in LIC. Whatever you wrote is right. 
We can write the ruling of the amount received under the scheme if you explain the scheme in detail i.e. how you participated in the scheme that your heirs will get the amount.
(2) It is correct to name the son Musa, rather it is very good. It is the name of a great prophet (عليه السلام).