Can one’s premises be leased to an insurance company or an insurance broker?
Published as Working for a company that services banks and insurance companies
Question
1. I work for a company that manufactures computer software. The company services banks, insurance companies and other companies as well. Am I permitted to serve as an employee at such a company?
2. Can one’s premises be leased to an insurance company or an insurance broker?
Answer
1. You have stated in your query that the software company provides services to banks, insurance companies and provides other services as well. If majority of their income (that is 51% or more) is from Halaal avenues and 49% of their income is from Haraam avenues, such as banks and insurance companies, then the salary (income) from such a company will be permitted. However, if majority of their funds is from Haraam avenues then the salary acquired from such a company will not be permitted.
2. It will not be permissible to lease one’s premises to an insurance company or broker, since the income derived from such a business is Haraam.
- Answered by
- Mufti Mohammed Desai
Where scholars differ, it’s safer to take the more cautious view.
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Source: Darul Ifta Ibn Masood — https://fataawa.co.za/14441-2/
Fatawa SA: https://fatawa.co.za/fatwa/ibnmasood-14441
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Ibn Masood · 392 fatawa from 7 Darul Iftas on this
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