Darul Iftaa Mahmudiyyah

What is the concept of Insurance in Islam. Is it premissible in Islam.

· 15 Rabiʻ I 1424 AH1 min readFatwa 8645English

Question

The question text was not published separately; the title stands in for it.

What is the concept of Insurance in Islam. Is it premissible in Islam.

Answer

Conventional insurances contain elements of interest and gambling, which, are expressly prohibited in the Qur?aan. Hence, not permissible.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/8645
Fatawa SA: https://fatawa.co.za/fatwa/askimam-8645

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