AskImamDarul Iftaa Mahmudiyyah (AskImam)

Can you please explain the difference between question 192 and 5425, since the employers health cover is also financed via interest transactions.

Fatwa 5520English
Finance and Commerce

Question

The question text was not published separately; the title stands in for it.

Can you please explain the difference between question 192 and 5425, since the employers health cover is also financed via interest transactions.

Answer

Question 192 refers to an individual personally taking out a health insurance. That is prohibited.

Question 5425 refers to a pension scheme offered by the employer. The employee himself does not take out the scheme and does not contribute towards it. Upon retirement, that will be considered as a gift from the employer.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
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