Insurance

Is actuary halal since I’ve read that it doesn’t deal with interest, but rather quantifying risks involved in business and investment? And can you explain whether it is halal to work in insurance companies?

18 Feb

ANSWER: It is totally prohibited to work for conventional commercial insurance companies as it involves two major sins: Riba and Gambling and working there would be collaborating and facilitating evil and the salary would be haram as well.

What is the base behind the number”786″ and why do some people consider it important?

Insurance

25 Dec

ANSWER: There is no significance of such a number in Islam. To believe that such a number has any impact in life is shirk.

State Life Insurance Pakistan: I have a question about life insurance, An agent approached me about it. It is a government institution. Also they only invest in real estate and not in any haram business. Also if the company’s investments go into a loss then that will affect our maturity payout. I have some extra money and it seems a good saving oportunity. But i don’t wanna ruin my akhira so please advise.

Insurance

18 Dec

ANSWER: This is absolutely prohibited. Life insurance, Medical insurance or any kind of insurance is haram if taken by your own self because it involves two major sins: gambling and riba. If the insurance is compulsory by the government or if your company is offering it to you then there’s no problem in utilizing it […]

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.

Insurance

12 Dec

ANSWER: 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!

Is Medical Insurence Policy Halal or Haram. Please explain in details.

Insurance

22 Oct

ANSWER: Medical insurance or any kind of insurance is haram if taken by your own self because it involves two major sins: gambling and riba. If the insurance is compulsory by the government or if your company is offering it to you then there’s no problem in utilizing it as the sin is not on […]

Shaikh,is it permissible to work in IT Department of government owned agriculture insurance comapny (in Western country)in which primium is subsidized by government for welfare n helping of farmers.(60%primium is paid by government n 40%by farmers)??

Insurance, Jobs

17 Oct

ANSWER: Working for an insurance company is not permissible whether owned by government or someone else.

Shaykh, what is Shareeah perspective about Insurance. Is it Halaal?

Insurance

21 Apr

ANSWER: Medical insurance or any kind of insurance is haram if taken by your own self because it involves two major sins: gambling and riba. If the insurance is compulsory by the government or if your company is offering it to you then there’s no problem in utilizing it as the sin is not on […]

Iam from India we don’t have any medical facilities can we have medicine insurance is it halal

Insurance

08 Apr

ANSWER: It is not permissible to take any insurance on your own as it involves two major sins: gambling and riba.

In UAE it is mandatory to take health insurance if you are resident here.and company cut a minimal amount per month to facilitate this service.my question is can I take insurance benefits.(eg.if medical expense is 10000 Dhs I have to pay only 10% of it)please note that I don’t know whether riba is involved or not.

Insurance

26 Jan

ANSWER: If it’s a must for you to pay 10% of it, you can utilize it as it is mandatory by law. Kindly refer to the following link(s): https://youtu.be/YVl8Lm0IHz0

I’ve watched all your videos on health insurance and I’m still confused. I had free health insurance before I was employed because of my low income but now that I’m working it will be cut. The company I work for doesn’t require me to have insurance but I want to purchase it because if I don’t there’s no way I can afford healthcare on my own. I do need it but I’m afraid that I will be sinning.

Insurance

21 Jan

ANSWER: This is not permissible.

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