Permissibility of takafol

Question ID: 24694
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Assalaamualaikum Mufti saheb
Q1- What is your view on the permissibility on “TAKAFOL” which is advertised as “islamic insurance”?
Q2- Is 3rd party insurance permissible?

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Asked on October 10, 2010 12:00 am
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Private answer

1) Permissible, Makrooh.
2) As (1)

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Answered on October 10, 2010 12:00 am