NationStates Jolt Archive


Deobandi mullah declares insurance is unislamic !

Aryavartha
02-09-2006, 18:08
That's right. Some people so desperately want to go back to 7th century that I wish I had a time machine to fulfill their wishes.

http://www.deccanherald.com/deccanherald/sep22006/national18940200691.asp
Fatwa against insurance: another storm in a tea cup
From Puja Awasthi DH News Service Lucknow:
A fatwa declaring life insurance “un-Islamic” has thrown the community into consternation.

The fatwa was issued by Mufti Mohammed Zafeerudin of the Darul Uloom of Deoband decreeing that life insurance is not permissible because there is interest income in it and the act involves gambling as well, both of which are illegal under the Shariat. [note that shariat law is not constitutionally recognised and hence illegal in India. Muslims are allowed to have personal law boards for civic issues, not criminal issues and bulk of shariat laws deal with criminal issues]

It came on August 7 in response to a question posed by one Saleem Chisti of Lucknow, who was approached by an insurance company to buy a policy and become an agent.

The Mufti appended his fatwa with the explanation that life was a gift of Allah and a gift could not be insured or assured. “To do so would be to disrespect Allah,” he said.:confused:

But while the All-India Muslim Personal Law Board (AIMPLB) has green lighted the fatwa, there is considerable criticism of the development.

Shaista Ambar, president of the All India Muslim Women’s Personal Law Board (AIMWPLB) says life insurance promises a security cushion.

“When the main bread-winner of the family passes away, how is a woman supposed to bring up her children? If there is no life insurance then women might be forced into prostitution to fend for their children,” she offers.

Ms Rukhsana Lari, also a member of AIMPLB is, however, emphatic that insurance is illegal. “Insurance is against the Shariat. Those who are covered under group insurance in their jobs should donate the interest and the maturity benefits. And, if under certain circumstances, one has to take a life insurance policy, the interest should not be accepted at any cost.”

But Hafeez Nomani, son of the late Maulana Nomani, co-founder of the AIMPLB describes the fatwa as a “regressive step”.

“There is no attempt by the maulanas to keep up with changes around the world. They appear to be defying the secular tradition all the time.

This is just like the fatwa issued prohibiting the pasting of photographs on Haj applications. It makes no sense and like the earlier instance, the maulanas will retreat this time too, doing no good to their image,” he says.

Shia clerics have also dismissed the fatwa, mainly because it comes from a body which governs the Sunnis. Maulana Kalbe Sadiq clarified that there was nothing wrong in taking an insurance policy. “It is a non issue for our community,” says the respected cleric.

Even among the Sunnis, the majority view is that insurance is gair munaasib (improper), but not haram (illegal). Convener of the Babri Masjid Action Committee Zafaryab Jilani says the issue is wide and cannot be settled by the issuance of a fatwa in response to an individual’s question.
Zilam
02-09-2006, 18:20
I think by now, everything is anti-islamic:rolleyes:
Eon8
02-09-2006, 18:21
I think, by now, nobody GIVES A FUCK.
Vetalia
02-09-2006, 18:23
This saves the companies money because the kind of people who would consider life insurance unislamic are statistically higher to kill themselves as part of a terrorist attack, right? It might bring lower premiums for all the sane people...
Drunk commies deleted
02-09-2006, 18:26
This saves the companies money because the kind of people who would consider life insurance unislamic are statistically higher to kill themselves as part of a terrorist attack, right? It might bring lower premiums for all the sane people...

Suicide might void your life insurance policy. If so it would be quite profitable to insure suicide bombers because they would pay their premiums but never be able to collect on their life insurance.
Neo Kervoskia
02-09-2006, 18:29
But Allah has excellent health care, even dental!
Vetalia
02-09-2006, 18:30
Suicide might void your life insurance policy. If so it would be quite profitable to insure suicide bombers because they would pay their premiums but never be able to collect on their life insurance.

Let's have an "Islamic insurance fund" that gives them a policy of $0 but charges them premiums for $100,000. We could say it's going in to an interest-free account or some bullshit like that but really just rip them off.
Turquoise Days
02-09-2006, 18:40
Next up is eating and drinking. After all, it's clearly God's will whether you live or die.
H N Fiddlebottoms VIII
02-09-2006, 18:43
What, exactly, is the "gamble" involved in Life Insurance? I'd say it is pretty definite that, at some point, somebody is going to collect on that policy.
JuNii
02-09-2006, 18:51
That's right. Some people so desperately want to go back to 7th century that I wish I had a time machine to fulfill their wishes. Easily done. first you rewind all their medical care back to the 7th century, then reduce their technology back to the 7th century.
Bilad al-Malaika
02-09-2006, 18:56
I asked my local Imam not too long ago about insurance. He also said that it's not forbidden, but it's frowned upon.
Marrakech II
02-09-2006, 18:57
What, exactly, is the "gamble" involved in Life Insurance? I'd say it is pretty definite that, at some point, somebody is going to collect on that policy.

I use to work for the biggest Insurance company in the nation. They paid out approx 3-4% of all policies. The reason is people not paying the policies. Therefore they can't re-insure later when they really need it because then they do not qualify. This particular company and the others are real stringent guidlines on who is insurable. You would probably be suprised to know that nearly half the population cannot get affordable life insurance. There is a laundry list of reasons why they disqualify applicants. This is the reason why I stopped working there. Would bring in clients and at the minimum 40-50% would be denied. Was a headache to say the least. The business is very profitable for the insurer. So really the only best way to get insurance is to get it in your 20's and buy a whole life policy. That way they cannot take it away from you as long as your paid up. But also remember that the basic policy of let's say 250k in your 20's is chewed up by inflation by the time your in your 80's. Of course your policy is more than 250k because of the cash you built up in it. But for the insurance companies they make so much more money on it than you do.
Celtlund
02-09-2006, 18:58
What, exactly, is the "gamble" involved in Life Insurance? I'd say it is pretty definite that, at some point, somebody is going to collect on that policy.

Insurance is like any other investment, it can go up or down. Rare for it to go down though.
Wilgrove
02-09-2006, 19:01
and premiums world wide goes down, and after we start saving money on our insurance, people really stopped caring if Islamics don't have insurances. Yay money.
Not bad
02-09-2006, 19:08
Islamic banking is even odder than insurance as interest on loans is illegal under islamic law.
Marrakech II
02-09-2006, 19:17
Islamic banking is even odder than insurance as interest on loans is illegal under islamic law.

Well they do but they frame it in such a way it is not called interest. It is just a veiled normal mortgage just structured differently. They are basically lease to own contracts.

http://www.usatoday.com/money/perfi/general/2005-02-24-islamic-finance-usat_x.htm