Is It Permissible to Enter Into Contracts Involving Three Parties Such as Credit Card Agreements?

Answered by Mufti Muhammad ibn Adam al-Kawthari Question: I have been told that it is prohibited to have contracts that involve three parties. Examples are insurance and credit cards. So for instance, when you purchase something with a credit card it involves the buyer, the seller and the credit card company. Is this a valid […]

The Legal Verdict on Prevalent Forms of Insurance

Answered by Mufti Muhammad ibn Adam Question: The Imam at our mosque said today in his sermon that Insurance is “haram”. His explanation was that you can’t benefit / profit yourself against something that is hidden, i.e. isn’t yet known. Could you please provide some detailed information on this? Answer: In the name of Allah, […]