Working for an insurance company
Question
Is people who are working in L.I.C (life insurance corporation), their income is halal or haram?
Answer
Insurance is haraam as the elements of gambling and interest are found in it. Hence, the wealth earned through insurance is impermissible.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
Where scholars differ, it’s safer to take the more cautious view.
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/13838
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-13838
People also ask
Is insurance permissible?
“Life insurance policies are Haraam as it is based on interest, gambling and uncertainty (Gharar). Make Taubah and Istighfaar for your mother for engaging in Haraam dealings. There are severe warnings cited in the Mubarak…”
Ibn Masood · 392 fatawa from 7 Darul Iftas on this
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