Selling Insurances

· 24 Muharram 1434 AH1 min readEnglish
Business and Dealings

Question

It will be greatly appreciated if you could please assist me. I have a few questions to ask and will take it one step at a time.

Is earnings from selling (All and any Type) Insurances - Halaal

Is it acceptable to live off the above earnings and to pay for your children’s education and madressa.

Answer

The insurance schemes that are in vogue generally revolve around the elements of riba (interest) and qimaar (gambling), hence the operation itself is incorrect. Therefore, working for such intuitions will be impermissible and incorrect.

As Above.

References (Arabic / Urdu sources)

يَا أَيُّهَا الَّذِينَ آمَنُوا إِنَّمَا الْخَمْرُ وَالْمَيْسِرُ وَالْأَنصَابُ وَالْأَزْلَامُ رِجْسٌ مِّنْ عَمَلِ الشَّيْطَانِ فَاجْتَنِبُوهُ لَعَلَّكُمْ تُفْلِحُونَ ﴿المائدة: ٩٠﴾

قوله ( لما فيه من القمار ) هو المراهنة كما في القاموس وفيه المراهنة والرهان المخاطرة وحاصله أنه تمليك على سبيل المخاطرة ولما كانت هذه تمليكات للحال لم يصح تعليقها بالخطر لوجود معنى القمار (رد المحتار 5/256)

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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