Receiving free perks from Old Mutual

QUESTION:-

I work for an N.P.O. The following products are sponsored by Old Mutual to staff:

• Pension Package
• Disability Cover whilst on duty
• Death whilst on duty

We do not make any contribution towards it, nor is it deducted from our salary. Would it be permissible to make use of these products?

ANSWER:-

The income generated by ‘Old Mutual’ is generally through selling insurance packages, which are Haraam, or by investing in unit trusts on behalf of clients. Funds are invested on behalf of clients in both permissible and impermissible ventures. Hence, the services offered to you, free of charge, will be financed from the Haraam profits generated by the company, according to our understanding, making it impermissible to utilize.

ALLAH TA’ALA ALONE IN HIS INFINITE KNOWLEDGE KNOWS BEST!

ANSWERED BY:-

Mufti Mohammed Desai

Date:- 22 Dhul Qa’dah 1444 / English Date: 12 June 2023,