What is the view on retirement annuities and Takaful insurance?
Question
What is the view on investing in retirement annuities?
What is the view on Takaful insurance?
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykumwa-rahmatullāhiwa-barakātuh.
To give a view on investing in retirement annuities, it is necessary that we review the contract of the retirement annuity.
The Darul Ifta currently has the view of impermissibility on Takaful insurance. However,further research is in process on the matter.
And Allah Ta’āla Knows Best
Mufti Hussein Issa,
Mozambique
Checked and Approved by,
Mufti Ebrahim Desai.
www.daruliftaa.net
- Answered by
- Mufti Hussein Issa
- Checked & approved by
- Mufti Ebrahim Desai
Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah (AskImam). It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.