The Ruling on Insurance for Property and Lives
Machine translationRead the Arabic original
Question:
This questioner asks, saying in his question: Is it permissible to insure property, such as cars and other things, as well as lives?
Answer:
Commercial insurance in all its forms is not permissible because it is consuming wealth unjustly and involves risk, and it contains many risks. It is not one of the contracts of the Shari'ah; rather, it is a contract imported from the customs of the disbelievers who do not care about what is lawful and what is forbidden. This insurance for health, for the car, for property, for goods—all of this is consuming wealth unjustly. If a person is afflicted with something, he bears its cost, loss, or damage and relies upon Allah (Glorified and Exalted is He), and Allah will help him. As for taking the wealth of people, where a disaster may strike that consumes hundreds of thousands, and the partners and shareholders bear it, thereby consuming their wealth without right—this is not permissible. Some disasters consume millions, and the shareholders bear it; by what right do they bear it? It is not permissible. If wealth is consumed unjustly, or if he pays and nothing happens, his money that he paid is lost without right, and the others consume it, so his wealth is consumed without right. Allah (Exalted and Majestic is He) commanded the preservation of wealth and forbade the squandering of wealth. He said:[An-Nisa 4:5] And the Prophet (peace and blessings be upon him) said that Allah dislikes Muwatta Malik 56:20 There are lawful transactions that, praise be to Allah, suffice in place of this transaction. Buying and selling, trade, and lawful investments all suffice in place of this contract which contains risk, deception of people, and the consumption of their wealth without right.
The presenter:
And may Allah bless you.
This questioner asks, saying in his question: Is it permissible to insure property, such as cars and other things, as well as lives?
Answer:
Commercial insurance in all its forms is not permissible because it is consuming wealth unjustly and involves risk, and it contains many risks. It is not one of the contracts of the Shari'ah; rather, it is a contract imported from the customs of the disbelievers who do not care about what is lawful and what is forbidden. This insurance for health, for the car, for property, for goods—all of this is consuming wealth unjustly. If a person is afflicted with something, he bears its cost, loss, or damage and relies upon Allah (Glorified and Exalted is He), and Allah will help him. As for taking the wealth of people, where a disaster may strike that consumes hundreds of thousands, and the partners and shareholders bear it, thereby consuming their wealth without right—this is not permissible. Some disasters consume millions, and the shareholders bear it; by what right do they bear it? It is not permissible. If wealth is consumed unjustly, or if he pays and nothing happens, his money that he paid is lost without right, and the others consume it, so his wealth is consumed without right. Allah (Exalted and Majestic is He) commanded the preservation of wealth and forbade the squandering of wealth. He said:
And do not give the weak-minded your property, which Allah has made a means of sustenance for you
وَلَا تُؤْتُوا السُّفَهَاءَ أَمْوَالَكُمُ الَّتِي جَعَلَ اللَّهُ لَكُمْ قِيَامًاgossip, squandering property
لكم قيل وقال واضاعه المالThe presenter:
And may Allah bless you.
Source
قناة «العلامة الدكتور صالح الفوزان»، محاضرات في العقيدة والدعوة-059-خلق النبي صلى الله عليه وسلم ووجوب الاقتداء به|صالح الفوزان — youtube.com (1:09:56)
The Arabic text is a machine transcription of the audio recording.