Archive for the ‘Car Insurance’ Category
Ruling on car insurance
What is the ruling system in Islam insurance? And it is life insurance, health, home and car as well as legally permissible? Is it the work of insurance companies is permissible or not?
Praise be to God, prayer and peace upon the Messenger of God and his family and After:
It is well known that the insurance contract is of recent origin, has appeared in the fourteenth century in Italy in the form of marine insurance, insurance, or what is known as Alsol two types:
Type I: Insurance collaborative: that several people agree to pay all of them involved a certain compensation for the damage that may infect someone check if a certain risk, which is a little application in practical life.
Type II: Insurance premium fixed: that is committed to the insured a fixed amount paid to the insurer (insurance company) undertakes to the insured under which pay a certain amount when you check the particular risk, and pay-Awad either to a particular beneficiary or his heirs or the insured person to him, and this contract from the contracts trade-offs . Read the rest of this entry »