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Question about Loss Of Job Insurance in UAE

Last updated: 25th December 2024
Question ID: #11288
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I live and work in Dubai, UAE. In the UAE, there is a mandatory by law to have Loss-of-Job Insurance, known as ILOE. This insurance pays employee 60% of his salary if an employee is terminated (not resigned himself). In November 2024, I lost my job because my company was moving to another country and closing its Dubai office. Just like every employee in UAE have ILOE insurance I also have it but its not mandatory to do a claim. However, I chose to submit a claim after my termination. To process the claim, I incurred expenses of approximately AED 400 for arranging and submitting the required documents. Please note that the insurance provider, Dubai Insurance Company P.J.S.C., is not Shariah-compliant. I have now received three installments from the insurance payout, amounting to AED 4,889 each, totaling AED 14,667. I have the following questions regarding the permissibility and usage of this amount in accordance with Islamic Shariah principles: 1) Is this amount halal? Please note that the insurance provider, Dubai Insurance Company P.J.S.C., is a local insurance company but not Shariah-compliant. 2) Can I use this amount to pay my father’s loans? My father is elderly (over 60 years old, MashaAllah) and is no longer working. I cannot pay his loans from my income becasue his loan amount is huge. 3) Can I use this amount to purchase mandatory insurances in Dubai? For example, can I use it to pay for medical and car insurance, as these are mandatory in Dubai? I kindly request your guidance to address these queries. I will await your reply to help me resolve this matter. JAZAKALLAH KHER.



بسم الله الرحمن الرحيم

الجواب حامداومصليا


Taking insurance out is not permissible due to element of gambling and interest. Any money from the insurance company will be sourced from Riba (interest).

In the case scenario, the payout will be interest and Haram to use. You should dispose of it in charity without any hope of reward.

And Allah knows best

23 Jumadal Thaniya 1446/ 25 December 2024

Mufti
Answer last updated on:
25th December 2024
Answered by:
Ulamaa ID 04
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Location: London