What is the ruling on selling a car on installment with the condition of insurance?

Question:
The questioner says: There is a company that sells cars on installment, but it requires the buyer to insure them against all risks. What is the ruling on this sale?

Answer:
The sale is permissible; Allah has made selling permissible, and selling is permissible. However, insurance is forbidden; insurance is forbidden because it is consuming people's money unjustly. If an accident occurs, the car is repaired with the company's money, and the company's money does not belong to them; rather, they take it from the shareholders. So you are taking from the shareholders' money without right. Perhaps you pay a small installment and your car is repaired for a large amount. What entitles you to these amounts from people's money? These are amounts from people's money. What entitles you to them when you have only paid a small amount? Therefore, insurance is not permissible. As for buying and selling, if it is free from insurance, there is no harm in it. Yes.