Life insurance: Halal or Haram?

[khattichic]

Re: Life insurance: Halal or Haram?

@KKF

why worry about the insurance alone when most of us are involved in Rib’a [usury/interest] when we purchase our cars, homes and travel insurance.

**machhli chhaaneN aur ooNT bahaa jaaye!!! **

Interest (Fa’eda) and Usury (Rib’a) are two different things. Fixed profit is not prohibited in Islam, charging an excessive or inordinate premium is. The Quran has made Rib’a impermissable, not Fa’eda.