Life insurance
Question
Is it permissible to use Life insurance or medical insurance by LIC (which is run by the Government of India) like we use other benefits which the Government provides (e.g: Government provides money to people who are injured in an accident or for treatment. etc)
Answer
It is not permissible.
And Allah Ta'ala (الله تعالى) knows best.
- Answered 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/7210
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-7210
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
What the Darul Iftas sayAre life insurance and funeral policies 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 · 81 fatawa from 7 Darul Iftas on this
What the Darul Iftas say