AskImamDarul Iftaa Mahmudiyyah (AskImam)

As salaam alaikum wa rehmatullahi wa barakatahu, Is Life insurance Haraam or Halal ? Please replt Jazak allah khair

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Finance and Commerce

Question

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As salaam alaikum wa rehmatullahi wa barakatahu, Is Life insurance Haraam or Halal ? Please replt Jazak allah khair

Answer

All conventional life insurance policies are Haraam. They have elements of gambling and interest in them.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai
FATWA DEPT.

Answered by
Mufti Ebrahim Desai
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