I believe that this is not permissible.

However, if the government is enforcing you to ensure your car for example, you must go to Takaful rather than your conventional insurance company.

In my country, there is this increased Muslim awareness on Takaful insurance. It is run by a riba-based banked but the Islamic finance division is managed by Muslims. Is this concept permissible?

Riba | March 2, 2014 4:40 am
Previous

Are there any ideas or organiztion in al khobar that provide islamic banking for loans and other purposes.
Next

There is an apartment leased to a person by the owner. This person didnt get family visa so he is sub leasing to me as i am looking for apartment. I think this person is sub leasing me for a bit high price than the original rent.