The Ruling on a Loan Conditioned on Life Insurance
Machine translationRead the Arabic original
The questioner : A man works for the electricity company. The electricity company wants to give them interest-free loans. They said, for example, we will give you one thousand for one thousand; you will take out one thousand, but there is a condition that you take out life insurance for us. And the description of the insurance is…
The Shaykh : It is invalid.
The questioner : Yes, so that they secure their right, meaning if, for example, this… What is your opinion, O our Shaykh?
The Shaykh : O Shaykh, I have already given you the answer, may Allah guide you. Is the condition invalid?
The questioner : Yes, meaning Yusuf 'Umar puts…
The Shaykh : It is not permissible for him to take it.
The questioner : May Allah bless you, Shaykh.
The Shaykh : And upon you be peace, and the mercy of Allah and His blessings.
The Shaykh : It is invalid.
The questioner : Yes, so that they secure their right, meaning if, for example, this… What is your opinion, O our Shaykh?
The Shaykh : O Shaykh, I have already given you the answer, may Allah guide you. Is the condition invalid?
The questioner : Yes, meaning Yusuf 'Umar puts…
The Shaykh : It is not permissible for him to take it.
The questioner : May Allah bless you, Shaykh.
The Shaykh : And upon you be peace, and the mercy of Allah and His blessings.
Source
سلسلة الهدى والنور، رقم 1358 في قناة «تسجيلات الإمام الألباني - محمد أبو ليلى الأثري» — youtube.com (7:29)
The Arabic text is a machine transcription of the audio recording.