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Insurance and Medical aid

Medical insurance

Q: I am a new Muslim and I had a medical insurance which I took before I became a Muslim which I am still paying. I have a medical condition in my heart which recently my insurance had covered the medical expenses when I needed it, since I didn't have any other means to pay for it at that particular time. Is medical insurance haraam?

Insurance

Q: Can one insure work vehicles and install a tracking device for protection of business assets?

Insurance

Q: I purchased a business and wish to insure it. What is the Shar‘ee ruling regarding insuring one’s business? Similarly, explain the law of insuring one's vehicle.

Permissible hospital plan

Q: Can we buy a health plan? We have to pay a premium on a monthly basis and the plan covers certain types of medical expenses upto a limit.

Medical aid and hospital plan

Q: I want to find out the fatwa or the ruling regarding medical aid and hospital plans. Is it acceptable or not?

Insurance policies

Q: Is Health insurance policy, life insurance policy etc is permissible in Islam? Kindly send some reference of hadith and Quran also.

Free travel insurance with tickets purchased using a credit card

Q: If a person pays for a flight overseas with his credit card, the bank provides free travel insurance. Will it be permissible to use a credit card (which he keeps in positive balance so as not to get involved in credit but to get a good credit record) to purchase his flight tickets with the card with the intention of getting the insurance? If not paying with the credit card he would have to use cash or a debit card anyway.

Father insuring the son's car

Q: A young man gets a car from his father. The car is registered on the father's name though. The father takes out insurance on the car against the young man's wishes. The young man meets in an accident costing 50 000 for the panel beaters. Now he has to claim from insurance since that's what the father had been paying for etc. Later, the cars window gets broken, the young man wants to pay for it with his own money to avoid getting involved in haram insurance, the father gets it repaired with insurance. Through this the young man had to become involved in the transaction because he had to take the car in, get quotes etc, because it's his car, would his involvement in this respect be sinful? What should he have done otherwise

Insurance company claims

Q: I recently had an accident and the insurance of the person responsible is paying me for the repair of my car. The amount that they are paying is according to the quote I gave them which I got from the panel beaters. I did not ask the panel beater to inflate his quote. If I now manage to get the panel beater to reduce his price, can I keep the extra money or do I have to return it to the insurance company?

Medical aid

Q: I would like to find out regarding Medical Aid, is it permissible ? If so what type of Medical aids are permissible? Are there any alternatives if not permissible?

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