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Funds acquired through life insurance.

fatwa-tt September 1, 2020

Question:

Can funds acquired through life insurance be used for building or maintenance of Islamic institutes?

Answer:

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)

www.fatwa-tt.com /www.jaamia.net

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January 9, 2024
Marabella, Trinidad
Saturday, 7th June, 2025
11th Dhu al-Hijjah, 1446
SalatTime
Fajr4:26 AM
Sunrise5:43 AM
Zuhr12:05 PM
Asr4:36 PM
Magrib6:26 PM
Isha7:43 PM

ZakatFitrah

The Nisaab in Trinidad and Tobago is $50,730.TTD (gold) or $3,993.TTD (silver)

Calculated on 06 Feb 2025

Current Fitrah:

Sadaqatul Fitr/ Fidyah : $18.00 (ttd)

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The Shari’ah ruling herein given is based specifically on the question posed and should be read in conjunction with the question. Fatwa-TT.com provides a reliable fatwa service to the Muslim community related to all aspects of a Muslim’s life including: Worship,business transactions, marriage, divorce, inheritance etc. with the ambition to enhance and deepen the understanding of Islam and strengthen the relationship with Allah Ta’ala. We bear no responsibility to any party who may or may not act on this answer and is being hereby exempted from loss or damage howsoever caused. Any or all links provided in our emails, answers and articles are restricted to the specific material being cited. Such referencing should not be taken as an endorsement of other contents of that website.

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