['Aalim Network QR] Life Insurance

[Mustafa Rawji <mrawji@sciborg.uwaterloo.ca>]

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|       In the Name of Allah, the Compassionate, the All-Merciful       |\
|  Greeting of Allah be upon Muhammad and the pure members of his House |\
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Salaamun alaykum,

	The reply to the following question on life insurance was kindly 
provided by Shayh Mustafa Jaffer.	


Wasalaam,

Mustafa Rawji
Acting Moderator, 'Aalim Network



QUESTION:

    Is Life Insurance permissible? 

ANSWER:

    It has generally been accepted as a legal contract by all Maraje.

  For example, Ayatullah Khui (RA) stated about insurance in general:

     748. Insurance means that a person may give to another person or 
company a fixed amount every year, without claiming any return for it, 
but it may be stipulated that if, for example, his person, shop, motor 
car or house sustains any harm, the other person or company would 
compensate him for the loss incurred, or recover the harm, or arrange for 
his medical treatment.  Such a transaction amounts to a gift for which 
compensation has been paid and, if the body or property of that person 
meets harm, it is necessary for hte other party to meet his obligations 
in accordance with the agreement and there is no harm in receiving money 
by him on this account.

   (Articles of Islamic Acts (abridged), 1985, p. 219)

Wallahu A'alam

Mustafa Jaffer