Studying actuarial sciences
Question
Please could you advise me on this matter:
I have a friend who wants to study actuarial sciences and I have heard that it is impermissible to go into this field.
Could Moulana explain whether it is impermissible or not and why? How should I advise my friend?
Answer
This science relates to insurance and insurance is haraam in Islam as it contains the elements of gambling and riba (interest) in it. Hence, it is not permissible for a Muslim to study this.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.