Question Summary:
What is the view on retirement annuities and Takaful insurance? Question Detail:
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
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