Question Is being the beneficiary on a life insurance policy haram and what about if you take the capital and give away the interest? Answer First of all, becoming involved/taking out a life insurance policy is not permissible. However, if one was taken out […]
Question  I am considering studying Actuarial Science in Waterloo, Canada. I would like to know if it is Haram to work as an actuary in an insurance company. Furthermore, if it is haraam to work in an insurance company, why? Also then, is it haraam […]
Question: What is the Shariat’s ruling regarding a person who is indebted? The debts are to be paid annually at a fixed amount. Would the total indebted amount be taken into consideration thereby preventing him from paying Zakaat or would the annually fixed amount be […]