Can funds acquired through life insurance be used for building or maintenance of Islamic institutes?
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
The interest monies should not be used for masjid, or an Islamic institution whether building or maintenance, due to the impure nature of such funds.
It should be given to the poor in the community, or building something specifically for the needy that may benefit them
And Allah Ta’āla Knows Best
Mufti Arshad Ali
Darul Iftaa, Jaamia Madinatul Uloom (Trinidad)