I heard an imam saying yesterday that it’s incorrect to compare insurance with gambling because the purpose of gambling is to make money whilst insurance is only to protect against loss. Otherwise an ordinary Muslim might be the victim of theft and lose his business and suffer hugely. How can this be refuted as I think most likely this imam convinced many.
Such individuals are not scholars! The vast majority of contemporary scholars around the Muslim world and in Islamic fatwa forums has agreed that insurance is prohibited. Such individual who is not known by other scholars and who has zero weight can’t come and say such nonsense and oppose world renowned real scholars!