Posted by: TheMajlis
Inheriting Insurance T H E R E C A N HARDLY be any Muslim who remains unaware of Islam’s prohibition of insurance despite large scale indulgence in this evil of riba. Nevertheless, we still deem it an obligation to occasionally remind and admonish Muslims of the terrible consequences in the Aakhirah of haraam earnings. POLICIES Many Muslims take out insurance policies which mature while they suffer in their graves. After their death, the haraam money is devoured and squandered by the beneficiaries of the insurance policies. According to the Shariah, only the amount which the deceased had paid as premiums or fees, etc., forms part of his estate. When the insurance company pays the beneficiaries the insurance amount, it is Waajib that they calculate the sum total which the deceased had paid to the company. This amount should be distributed among the heirs in accordance with their respective shares of inheritance. The entire excess has to be compulsorily given to charity without niyyat of thawaab. The excess which is riba, does not belong to the heirs. It is haraam money which has to be eliminated. Reckless and inordinate greed on such occasions overwhelm many people who cast aside their Imaan to benefit from the illgotten pittance
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