insurance

Insurance

Question: 

What is the Islamic ruling of all the different types of insurances. e.g. life policy, car/property insurance, business insurance? 


Answer: 

We at the Darul Ifta do not approve of any form of voluntary insurance, hence we advise abstention. Hence all the voluntary types of insurance mentioned by you are not permissible.

And Allah Ta’aala knows best!

Car insurance

Question: 

If we would like to open a car  rental company, due to the possibility of  the car getting bumped, stolen or damaged is it permissible to take out insurance on behalf of the opposite party that is renting the car from us.


Answer: 

Health insurance

Question: 

What is the
ruling regarding health insurance especially in this age where medical
procedures have become expensive? 


Answer: 

Our Darul Ifta does not permit or approve of any form insurance, hence we advise abstention.

Building insurance

Question: 

I own a
motel and it’s in a cyclonic region. I was part owner (33%) with non Muslim
partner for 2 and half years and after that I bought his shares and became 100%
owner for last 2 and half years. Under the law I am obligated to do public
liability and workers compensation insurance under law. I also took out
building insurance before as my partner non Muslim wanted it . After I become

Working for company dealing with insurance policies

Question: 

I wanted some advice
on a new job I just started and whether it is allowed and okay to work here

I will admit I did not
do full due diligence before accepting the job hence my question

The
company manages critical incidents in the car and home on behalf of the
world’s leading insurers, brokers and fleet managers, together with warranty
and service plan provision for many automotive manufacturers globally.

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