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Tag: Car Insurance

Leasing Cars from Islamic Perspective

Leasing Cars: Permissible?

Wa `alaykum As-Salamu wa Rahmatullahi wa Barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.  In this fatwa: There is nothing wrong with leasing cars as long as there is no violations of the requirements of the lease …

Is Islamic Car Insurance Allowed?

Is Islamic Car Insurance Allowed?

Wa `alaykum as-salam wa rahmatullahi wa barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: 1- Islamic insurance is permissible. 2- As for conventional insurance, it is a new kind of financial contract not known …

Buying a Car with Interest-Based Loan

Buying a Car with Interest-Based Loan: OK?

Wa `alaykum as-Salamu wa Rahmatullahi wa Barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: 1- Riba (interest on loans) is prohibited by the texts of the Qur’an and the Sunnah. Therefore, a Muslim needs to keep …

Car Insurance

Is Car Insurance Permissible?

Wa `alaykum as-Salamu wa Rahmatullahi wa Barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: Car insurance is permissible for the obligatory liability as well as for the value of the car and the hazards to …

Car Insurance with Interest

Car Insurance with Interest: Allowed?

Wa `alaykum as-salamu wa rahmatullahi wa barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: If Islamic insurance is available, then you have to opt for it. Otherwise, you may buy car insurance and pay …

Working for Insurance Companies

Working for Insurance Companies: Allowed?

I am near the completion of my university degree and I am intending on working in the actuarial profession. Actuaries are hired in all types of insurance companies, consulting companies and pension companies.



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