مسائل المنتخبه (Articles Of Islamic Acts) - الخوئي، السيد أبوالقاسم - الصفحة ٦٣٤ - INSURANCE

from such a bank with the intention of taking out money from its hands.

BILL OF EXCHANGE OR PAY ORDER
٢٨٧٧. A borrower is entitled to give the lender a pay order on the bank with which he holds his account or he may give instructions to the bank in writing totransfer the amount of loan to the lender. The bank is also entitled to give that person a pay order on a foreign or domestic branch and to ask him to realize the amount fromthat branch. The bank may realize wages for this service. In fact this transaction consists of two pay orders i.e. one by the borrower addressed to the bank and the other bythe bank addressed to a foreign or domestic branch. In either case the pay order is in order. As regards the wages taken by the bank, it may be said about their admissibilityfrom the point of view of Jurisprudence that the bank is entitled to decline to take the responsibility of giving a pay order in the name of a foreign or domestic branch andit can, therefore, take wages for rendering this service. However, if the person giving pay order does not ask the bank to give a pay order for another place, but instructsit to make payment out .f the money available in his account in the bank, the bank cannot charge wages, because it is not permissible for a borrower to take anything onrepaying the loan in his own town. However. if the person concerned has no account in the bank and the bank accepts the pay order and makes payment, there is no harm in itsclaiming wages.
٢٨٧٨. In the above problems it makes no difference whether the bank is owned by public or by government or by both.

INSURANCE
٢٨٧٩. When it is agreed upon between government or an insurance company on the one hand and a policy holder on the