Life Insurance In Islam at Life

Life Insurance In Islam. If we read some islamic literacy about halal life insurance, we will find an explanation that halal life insurance is an effort to protect and help each other among a number of people. In life insurance in islam, risk coverage is between the insurance company and the insurance participants (risk sharing).

A life insurance policy may also be considered to be haram under the grounds of: I want to be comfortable that the money i pay for this is ok and not haram. Islamic viewpoint on the life insurance policy.

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By taking out a life insurance policy, many believe this is interfering with allah. Stay away from permanent life insurance like you stay away from a rabid raccoon. If we read some islamic literacy about halal life insurance, we will find an explanation that halal life insurance is an effort to protect and help each other among a number of people. It is permissible and there is no objection in it.