Islamic Banking.

Q. Islamic banking is according to Sharia or not? Their products like Mudarba, Musharka, Ijara and Takaful are really RIBA-free (without interest). A. Islamic Banking is in accordance to the Shariah, and all its products are free from riba (interest). However, at times those who […]

Insurance on home and goods.

Q. Is it permissible to have insurance on your home to cover against fire, burglary, flood, earthquakes, etc.? Is it permissible for importers and wholesalers to take out insurance on their goods? A. Although insurance is seen to be a security against unfortunate occurrences, it […]

Medical / Dental Insurance.

Q. Is it permissible in Islam to be part of a Medical/Dental Insurance scheme whereby the employees all contribute a sum monthly? In the event of a person becoming ill and lands up in a private nursing home for treatment, the insurance company pays the […]