5 articles tagged “Fiqh”
New Zealand is the only market we cover where a compulsory state scheme handles personal injury for everyone, no policy required. That changes the Islamic insurance analysis in real ways.
Good Shepherd and Ngā Tāngata lend at exactly zero cost, with capital from BNZ and Kiwibank. Whether bank-sourced free money is clean for a Muslim borrower is a fair question, and it deserves a straight answer.
Classical scholarship objects to conventional insurance on gharar and riba grounds, and takaful is the designed answer. New Zealand has never had takaful. Here is the framework that fills the gap.
Your will can freely direct at most a third of your estate. The rest is spoken for by fixed shares, and the interplay between the two is where most drafting mistakes live.
A NZD 60,000 KiwiSaver balance means NZD 1,500 a year of zakat under one scholarly position and nothing until 65 under another. This is a genuine disagreement, and here are both sides.