Question ID: 22427
0
0

Assalamu alaikum

Mufti Saheb is it permissible to take out a life insurance policy to cover estate/duty. The heirs will be instructed to give away balance (after paying estate duty) in charity. The reason being that at the time of death there is not enough cash to settle the duty which may result in having to liquidate and sell essential assets such as the residential home to pay for the duty.
Wassalaam,

Marked as spam
Asked on September 19, 2016 10:40 pm
51 views
0
Private answer

AsalaamuAlaikum
السَّلاَمُ عَلَيْكُمْ وَرَحْمَةُاللهِ وَبَرَكَاتُهُ

Yes, Makrooh.

وَعَلَيْكُمُ السَّلَام وَرَحْمَةُ اللَّهِ وَبَرَكَاتُهُ وَمَغْفِرَتُهُ
Was-Salaams
Mufti Elias
http://www.alislam.co.za
twitter.com/Mufti_Elias

Marked as spam
Answered on September 26, 2016 12:14 pm