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What is the concept of Insurance in Islam. Is it premissible in Islam.

Fatwa 8645English
Finance and Commerce

Question

The question text was not published separately; the title stands in for it.

What is the concept of Insurance in Islam. Is it premissible in Islam.

Answer

Conventional insurances contain elements of interest and gambling, which, are expressly prohibited in the Qur?aan. Hence, not permissible.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
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