Insurance

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Question ID: 28607
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Is insurance for car, house building and house content permissible, if you can you use any insurance company?
I know of a shariah complaint insurance Takafol but their fees are more expensive, are you allowed to use any other even if they give you back a 10% yearly of your monthly installment.

Please advice.

SHUKRAN

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Asked on June 28, 2008 12:00 am
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Private answer

Better to use Takafol provided they have pious, reliable Ulema to supervise their deals.

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