Mufti Online — Madrasah Ta'leemuddeen

Is working in a takaaful insurance company Haraam or Halaal?

Published as Takaaful

· 2 Safar 1438 AH1 min readEnglish

Question

I am in confusion. I am worried that this confusion does not lead me to the wrong path. I have got job in takaaful insurance company named as jubilee insurance company in Pakistan. I have watched a lot of videos about Takaaful insurance and have read a lot of literature regarding this case. Many Aalims said that it is halaal in Islam but I could not find any satisfactory answer.

1. Is working in a takaaful insurance company Haraam or Halaal?

2. If I spread this takaful business, then is it good for Muslim Society?

Answer

1. We have not found a difference between takaaful and conventional insurance. Insurance has the elements of gambling and interest.

2. As above.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/16668
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-16668

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