Insurance
Pillars of Islam
Asked on 19th November 2020
Question
اَلسَلامُ عَلَيْكُم وَرَحْمَةُ اَللهِ وَبَرَكاتُهُ
Dear Shaykh , I do have query with regards to Insurance . Would like to know the Islamic Rulings on Auto / House / Travel and Health Insurance .
جزاك الله خيرًا
Answer
Wa'alaykumsalaam Wa Rahmatullah Wa Barakaatouh
In regards to insurance, they are all not permissible as it involves riba which means that you pay what you may not get or you get more of what you have paid and this is not permissible.
The only insurance that you may take is a car insurance because it is a must to issue one or else a need may not be accomplished as it's worldwide for you to take a car insurance to be able to drive, in this case, we take the 3rd party which is the cheapest.
In regards to health insurance, there are countries where you won't get a visa issued unless you have a medical insurance, in this case, it is permissible.
As well as some scholars who permitted health insurance due to a necessity as to save someone's life.
Allah knows best.
In regards to insurance, they are all not permissible as it involves riba which means that you pay what you may not get or you get more of what you have paid and this is not permissible.
The only insurance that you may take is a car insurance because it is a must to issue one or else a need may not be accomplished as it's worldwide for you to take a car insurance to be able to drive, in this case, we take the 3rd party which is the cheapest.
In regards to health insurance, there are countries where you won't get a visa issued unless you have a medical insurance, in this case, it is permissible.
As well as some scholars who permitted health insurance due to a necessity as to save someone's life.
Allah knows best.