Question ID: 25413
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Assalamualaikum
Dear Mufti
is it permisible to take out life cover on ones own life (with the beneficiaries being one’s family including wife, child etc) to secure the financial future of dependants in the event of death or dreaded desease?

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Asked on October 13, 2010 12:00 am
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Private answer
No - it is Haraam.
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Answered on October 13, 2010 12:00 am