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[quote][quote]salam A; simple rule based on the directives of Qur'an about interest is that any type of insurance involving riba' should be avoided as far as possible.[/quote] [blue][font=Century Gothic]Wa Alaikum Assalam w.r.w.b. [:0] Riba is forced "increase of value" in "the medium of exchange" that is [hl]loaned or swapped[/hl] . It is generally understood that exchange is "on spot" and loan is "time related" "on spot Exchange": If one has a currency note of 100 and need to change it into lower denominations, what he gets must be equal to 100 in any combination of lower denominations. "That is loaned or swapped" means the same medium of exchange that was given as loan or used in the exchange. [hl]Insurance[/hl] is not [hl]loan[/hl]. [/font=Century Gothic][/blue][?][/quote]
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