I am looking to take out some life insurance with Vitality Life Insurance. I have read the in-depth article posted but due to the sheer detail, I had some trouble understanding some of the concepts mentioned.
Would it be possible to provide me with a simplified explanation as I would like to start a policy In Sha Allah?
I would also like to add how resourceful this forum has been, May Allah SWT place barakah in our wealth and increase us in this world and the next.
May Allah bless you.
Conventional life insurance is not permissible; this is the general rule.
There may be some exception such as, if it was offered to you as part of the employment package, but it all depends on its structure.
Jazakhallah Khair for providing me with such a prompt response.
Are there any online courses that provide an entry-level understanding of Islamic Finance?
I find the area very interesting and would like to learn the fundamentals.