Question ID: 27122
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Aslm Mufti

Referring to a previous question on your website (ID – 22054) on this topic, I would like to find out if it is permissable to take out life insurance on a Musharaka Home Loan if the lenders do not make it a compulsory condition.

Jazakallah

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Asked on October 10, 2016 9:59 am
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AsalaamuAlaikum
السَّلاَمُ عَلَيْكُمْ وَرَحْمَةُاللهِ وَبَرَكَاتُهُ

No.

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

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Answered on October 12, 2016 1:28 pm