s taking Life Insurance Policy allowed in Islam?.

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Date: Tuesday, September 14, 2011

Category

Money Matters

Title

Question

 

Is taking Life Insurance Policy allowed in Islam?.

Answer

Muhtaram / Muhtaramah

In the Name of Allāh, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh.

 

All conventional insurance schemes have elements of interest, gambling and uncertainty in them. The factors make conventional insurances prohibited.

 

 

And Allah knows best
Darul Iftaa

Madrasah Inaa’miyyah

 

 

· The Sharée ruling herein given is specifically based on the question posed and should be read in conjunction with the question.

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