Insurance
6 articles tagged “Insurance”
Is Health Insurance Halal in India? (2026): Necessity, No Takaful and 80D
Commercial health insurance is a conventional contract, India has no takaful alternative, and most scholars allow cover under necessity. Where the line sits, IRDAI's standard products and Section 80D.
Compulsory Insurance and Islam in India: What the Fatwas Actually Permit (2026)
Motor third-party cover is mandatory under the Motor Vehicles Act, and employer health cover arrives with the job. Published fatwas permit compelled insurance. What counts as compelled, and what to do with claims.
Are Endowment, Money-Back and ULIP Policies Halal? The Clear Case (2026)
Savings-linked insurance fails under every documented scholarly position, including the ones sympathetic to necessity-based term cover. Why the analysis is different, and what to weigh if you already hold one.
Is LIC Halal? The Necessity Debate, Documented Honestly (2026)
Published fatwas hold voluntary life insurance impermissible, but some scholars extend necessity reasoning to term cover for breadwinners because India has no takaful. The three positions, labelled by their real weight.
Term Insurance Alternatives for Indian Muslims: The Honest Options (2026)
There is no halal insurance product in India. The real alternatives are self-insurance through savings, debt clearance, and household structures that reduce dependant risk, plus the contested term cover question, faced honestly.
Why India Has No Takaful: The Regulatory Wall Explained (2026)
IRDAI licenses zero takaful operators, Indian insurance law contains no takaful provisions, and investment regulations mandate interest-bearing assets. Why halal insurance is structurally impossible in India today.