Cover Your Life & Your Family

Life Insurance

Life Insurance is a financial cover for a contingency linked with human life, like death, disability, accident etc.

Secure Child's Future

Having disaster protection could get the future for your kids

Protect Your Spouse

Disaster protection can supplant the pay you would ordinarily get and help uphold your life partner.

Home Loan Insurance

Home loan insurance is similar to a term insurance. You are covered under this insurance.

Credit Life Insurance

Credit life insurance is typically sold by banks at a mortgage closing

Protect Your Spouse

Disaster protection can supplant the pay you would ordinarily get and help uphold your life partner or grown-up kids. Keeping your friends and family living in the manner they are acclimated with is something essential to consider

Life Insurance

Life Insurance is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc.

Secure Your Child's Future

Having disaster protection could get the future for your kids in the event that you have a less than ideal demise. With an extra security strategy, there would be sufficient pay to help pay for all your kid could require while growing up.

Life Insurance

Secure Your Child's Future

Protect Your Spouse

Protect Your Spouse

Disaster protection can supplant the pay you would ordinarily get and help uphold your life partner or grown-up kids.

Life Insurance

Life Insurance is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc.

Secure Your Child's Future

Having disaster protection could get the future for your kids in the event that you have a less than ideal demise. With an extra security strategy, there would be sufficient pay to help pay for all your kid could require while growing up.

Credit Life Insurance

Credit life insurance is typically sold by banks at a mortgage closing; it could also be offered when you take out a car loan or a line of credit.

Protect Your Spouse

Disaster protection can supplant the pay you would ordinarily get and help uphold your life partner or grown-up kids. Keeping your friends and family living in the manner they are acclimated with is something essential to consider

Life Insurance

Life Insurance is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc.

Secure Your Child's Future

Having disaster protection could get the future for your kids in the event that you have a less than ideal demise. With an extra security strategy, there would be sufficient pay to help pay for all your kid could require while growing up.

Home Loan Insurance

Home loan insurance is similar to a term insurance. You are covered under this insurance till the period of your loan repayment.

Fiqh Based View On Life Insurance

The Fiqh-Based Views Of Sheikh Mustafa Al-Zarqa In Terms Of Insurance Dr. Fadi Ibrahim Khlaifat1 , Dr. Hiyam Mohammed Al-Zidaneen2 Article History: Received: 11 January 2021; Revised: 12 February 2021; Accepted: 27 March 2021; Published online: 23 May 2021

Sheikh Mustafa al-Zarqa, a profound jurist with tremendous aptitude who has the ability to relate and analyse, delve into the depths of texts, and grasp the sayings of jurists, is considered one of the pioneers of Islamic thinking in the last century. He had a great jurisprudential faculty, and he left us a great scientific wealth in various fields, especially in the field of Islamic economics, until he became proficient in fiqh and was able to know the poor from the fat, the weak from the strong, the good from the corrupt, and he had a great jurisprudential faculty, and he had a great jurisprudential faculty, and he had a great jurisprudential faculty.

 

“A multi-method and image-saving method for immunising a person against the various risks that are expected in his life or in the course of his activities and his economic effectiveness,” Sheikh Mustafa Al-Zarqa says of insurance in its modern concept and forms and forms that are currently available. Potentially unavoidable, such as drowning and burning, crippling disease, the loss of some of the essential organs in the work required to practise the aspects of human activity, and what was unnatural, but from burglary, such as theft, murder, shock, and other types of risks and their various forms affecting the life of a person, his pursuit, and the life of his family. (Al Zarqa Mustafa,1976).

 

Sheikh Al-Zarqa considers the insurance contract to be one of the netting contracts, in which the insurance company profits from the instalments paid by the insured, and the insured gains a sense of security about the risks to which he may be exposed, so he is a guarantee that he will be compensated for any damage. Become unwell.

 

“It is worthy of Islamic Shari’a jurists, and the insurance system has penetrated and made this penetration into the lives of people to mean by studying it, an analytical and detailed study based on the facts of reality and the guidance of the texts and rules of Sharia, and to determine its position on it with a necessary diligence in which it is sought to reach the ruling closest to the face of Sharia,” Sheikh Mustafa Al-Zarqa concludes. Islamic law, which is based on its writings and principles, whether negative or positive, and is similar to its jurisprudential system and scientific instruction.

 

This is because this Sharia – which is the eternal Sharia with a complete legal system, private and general texts, and surrounding norms – can never be perplexed by fresh situations for which it has no solution. And not because it lacks sufficient data to define its position and point of view in every scenario and act of business, as determined by its well-established scholars.”

 

Sheikh Al-Zarqa has excelled in his jurisprudential and scientific approach to the issue of insurance, as when he addressed the permissibility of commercial insurance contracts, he aimed to show that insurance protects lives, money, and property from the risks that threaten them, as insurance helps to mitigate the economic effects of these risks, which have increased in the modern era. (Hamad,1988).

Sheikh Al-Zarqa affirms that insurance does not ensure that the insured will not be involved in an accident or be in danger. The primary goal of insurance is to protect the safety, regardless of whether or not a threat exists. Finally, it is a cooperative solidarity mechanism that aids in dividing the disaster’s impact on humans and reducing its consequences.

Al-Sanhoori and al-Zarqa, have argued that even though insurance involves gharar, the overriding need for insurance makes such a contract permissible. They argue that insurance developed and continues to be resorted to because it fulfills a general need and is part of the public interest. Due to this overriding benefit, insurance must be considered permissible.

In the American environment, it is very easy to fall between the cracks and end up homeless, for example. Being homeless is difficult enough in general but it is probably extremely difficult to retain an Islamic life and faith while being homeless in the United States, as the Muslim community is not very well equipped to handle that situation. That situation can definitely put one’s life, health, and religion at risk. Concerning Muslim women, Spinner writes, for Muslim women without a place to live, particularly those who have been battered or are immigrants, being homeless can test their faith […] When Muslim women are sent to shelters that serve the general population, they are often exposed to lifestyles that challenge their faith, such as drinking, abusing drugs, eating pork and undressing or bathing in front of others. If, out of fear of these ever-present realities, a Muslim resorts to a life insurance policy, it is hoped that Allah will shower His mercy and forgiveness upon them.

REFERENCES:

1. Ibn Hammad, Hamad (1988). Insurance Contracts, Their Reality and Ruling, Medina: Aldar Library.

2. Ibn Nujim, Al-Bahr Al-Ra’iq, Explanation of Treasure of the Minutes, Part VIII (Kitab alMawwalah)

3.Ibn Nujaim, Zain al-Din bin Ibrahim bin Muhammad (1999). Al-Shabas and Analogues, Riyadh: Nizar Mustafa Al-Baz Library.

4. Abu Al-Basal, Abdel Nasser (2010), Mustafa Ahmed Al-Zarqa … the jurist of the era and the sheikh of jurists, Damascus: Dar Al-Qalam.

5. Abujaib, Saadi (1983). Insurance between prohibition and permissibility, Beirut: House of Contemporary Thought for Printing, Publishing and Distribution.

6. Al-Buqami, Najla bin Muhammad (2013). Sukuk risks and hedging mechanisms, including: With an applied study of the sukuk of a troubled company, Riyadh: Publications of the SABIC Chair for Islamic Financial Market Studies.

7. Jabra, Kamal Mahmoud (2015), Insurance and Risk Management, Academics for Publishing and Distribution.

8. Jumah, Haroun Nasr (2014) General Principles of Insurance, Amman: Amjad House for Publishing and Distribution.

9. Hassan, Samir (2005). Financial derivatives and their role in risk management and the role of financial engineering in the manufacture of their instruments: a comparative study between man-made regulations and the provisions of Islamic law, Cairo: University Press.

10. Hammad, Nazih (1993). A Dictionary of Economic Terms in the Language of the Jurists, Washington: International Institute of Islamic Thought.

11. Al-Khafif, Ali (1966). Insurance, Al-Azhar Magazine, Part VIII, Year 37

Quotes from Islamic Scholar's About Insurance

Quotes from Islamic Scholar's

✅  Life Insurance per se is not haram in Islam as you have to tie your camel – Dr. Zakir Naik

✅  Insurance is not haram as per Islam – Dr. Israr Ahmed

✅  Mustafa Ahmad Al-Zarqa, Abdelwahab Khallaf, and Monzer Kahf (among others) do permit term life insurance

Islam and Fuqaha allow us to pool the money to help – Takaful Insurance. 

Since the TAKAFUL insurance will not be available and there is no such development in the United States, therefore, as per many prominent scholars we can get life insurance to protect ourselves and our family. 

Therefore we have partnered with policy genius to provide you with the best insurance possible and it is very easy for you to get a quote, just click the button below and follow through.

Talk To One Of Our Life Insurance Expert

Why Choose Us Over Other "Top Insurance Agencies"?

Buying the best life insurance policy or life cover should always be simple and hassle free and since the cover that you always look for should include everything that you need and deserve in this life. Defy Insurance has made things so easy for you as all you have to do is choose few options after giving your name and e-mail and that’s it.  Our Insurance Packages Online are one of the best and easiest to opt saving you time and money.

we are committed to providing you with affordable and easily accessible Affordable Life Insurance or Best Life Cover  to take your pain once for all by making you talk to one of our experts first.

"Words On Google"

FAQ

Most frequent questionnaire & Answers

There is no “one size fits all” policy that’s right for everybody , because no two people have precisely the same needs. An elderly widow who only wishes to buy her own burial expenses would require a way different life insurance policy than a 40 year old who is that the primary earner during a family with children.

While experts disagree on the precise formula for income replacement, most estimate that, at a minimum, an individual needs a life coverage adequate to six fold their annual income. Ultimately, the sole “wrong” answer is not any coverage in the least .

Contact your Defy Insurance Group agent today, and that they can assist you with balancing future needs together with your current financial capabilities.

Term life assurance is that the most affordable sort of life assurance or life cover because it only provides coverage for a limited period of your time . Life insurance Policies vary, though, and may range from five years up to thirty years. As long because the policyholder dies within the period of time laid out in his or her policy, the insurer is obligated to pay the advantages fully .

The risk with buying term life assurance is that the policy holder may “outlive” the coverage. When this happens, the policy terminates, and you’re given the choice to renew. However, the new premiums will most certainly be higher, because you’ve got aged. Still, term life assurance is a beautiful option for several people, because it allows them to shop for coverage at a lower cost and when it’s needed most.

Permanent life assurance , on the opposite hand, offers lifetime protection as long as you still pay your premiums. All age groups can cash in of the safety and peace of mind that permanent life assurance offers. Retirees can guarantee that their loved ones are going to be provided for after they’re gone, and children looking to start out a family can cash in by buying early and locking during a great, low rate.In some instances, a mixture of both term life and permanent coverage is desirable. Contact your Chase Insurance Group agent today to work out which solution is best for you.

While the first reason for purchasing life assurance is to supply financial security for your loved ones after your death, many policies offer benefits which will be employed by the policy holder during their lifetime.

Accelerated benefit : Terminally ill patients can forgo their benefit in exchange for a payment adequate to the life assurance policy’s face value.

Portability: Take advantage of group rates and therefore the convenience of direct billing by taking your life assurance plan with you once you retire or switch careers.

Waiver Of Premium: This feature allows you to stay your coverage albeit you become seriously ill or disabled and are unable to pay your premiums.

Cash Accumulation: By paying in more than your regular premiums, some policies allow you to extend the quantity of your benefit . Likewise, cash accumulation also can be wont to increase the loan amount available to policyholders while they’re living.

 

Who you select as your beneficiaries is one among the foremost important decisions a Life  policy holder makes. you’ll have the choice to designate one primary beneficiary or multiple ones. If multiple beneficiaries are designated, you’ll got to decide how the benefit is allocated between them. Beneficiaries aren’t required to be actual people. Legal entities like foundations, charities, or trusts can also are eligible.

As a precautionary measure, you’ll also got to designate “contingent” or secondary beneficiaries within the event that you simply outlive your primary beneficiaries. you ought to take the time to review your beneficiaries annually as they will be changed throughout the lifetime of the policy for any reason.

If you’ve got additional questions regarding the method of selecting your beneficiaries, please contact your agent, and that they are going to be happy to help you.

As a general rule, if there are people who depend on you for financial support, like a spouse, children, or aging parents, then you’re a good candidate for life insurance. If you contribute to your household through cooking, cleaning, or childcare, a policy can account for the costs of replacing that labor.

Additionally, if you have debt that another person will have to assume, like a mortgage or student loan debts, it’s a good opportunity to look into life insurance.

Life insurance can be tailored to your specific needs, taking into account your family’s financial picture and your future financial security. The amount of life insurance you need depends on your goals, your family, and the expenses you want your family to be able to cover once you are no longer there to support them.

Here are three separate scenarios to consider:

If you simply want to cover your end-of-life expenses and funeral costs so that your family is not burdened by these expenditures, you might want to buy a small term life policy, such as $10,000 to $20,000 worth of coverage.

You would want to choose a larger life insurance policy if you have dependents and you are the primary income earner for your household. People with dependents often buy term policies in amounts ranging from $500,000 to $2 million or more to ensure that their dependents’ needs will be met. Add your family’s cost of living, your personal and household debt and the projected costs of your children’s education as a starting point to determine the amount of coverage you need.

If you want your life insurance policy to accrue value and work for you or for your family as an investment vehicle, you might want to buy one of several different types of permanent life insurance. In this case, you have several different options. For example, you could purchase a $1 million term life insurance policy and begin converting over portions of the policy to a whole life insurance policy each year to build a growing cash account that will serve your needs in retirement.

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