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[quote]Assalaamu 'alaikum to all, 
I have queries about certain doubts that I would like to find answers to clear my clouded mind.  Pls advice.

I bought an insurance policy many years ago.  I was told that as long as it is an endowment policy that does not cost one's death for the insurance the mature, it is considered halaal.  Somehow after that, some people were saying that it is not really halaal if it is not an Islamic insurance which it wasn't bought from an Islamic company.  Anyway, not realising that fact at that moment because I was very young and ignorant.

However, some years passed by and I took some bonuses from the insurance and even took some loan that incurred interest.  Recently, I received emails saying that interest is riba and not halaal be it among muslims or the non-muslims.  So my main question is:

1. Is insurance considered halaal?  What type of insurance considered halaal?

2. How in this way should I consider the interest given from my insurance company and expected from the loans?  Are the interest involved in this case is also considered as riba?

3. What about the bonuses or profits obtained from the insurance policy that is used to invest and generate cash flow from this insurance policy transantions?

4. What actually I have done wrong, I am not sure.  So pls advice.

Thank you.
Wassalaam.
May Allaah Bless All Muslims.

Thank You.  
May Allaah Bless All Muslims.[/quote]

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