The Ruling on Compulsory Commercial Insurance
Machine translationRead the Arabic original
Question:
We say, Honorable Shaykh, may Allah preserve you, that I heard on the radio today a program discussing insurance in its various types, stating that it will be imposed in the middle of Ramadan and will be compulsory. One of the sheikhs in the program spoke about the benefits of this insurance. What is your opinion, and what is our obligation?
Answer:
As we have answered repeatedly, commercial insurance in all its types is forbidden. A ruling has been issued on this matter by the Council of Senior Scholars and by the Fiqh Academy in Makkah. However, if a person is forced to pay it, he pays the insurance, but he does not invest it or benefit from it. If he needs to repair his car or treat a sick person, it is at his own expense, not at the expense of the insurance company.
We say, Honorable Shaykh, may Allah preserve you, that I heard on the radio today a program discussing insurance in its various types, stating that it will be imposed in the middle of Ramadan and will be compulsory. One of the sheikhs in the program spoke about the benefits of this insurance. What is your opinion, and what is our obligation?
Answer:
As we have answered repeatedly, commercial insurance in all its types is forbidden. A ruling has been issued on this matter by the Council of Senior Scholars and by the Fiqh Academy in Makkah. However, if a person is forced to pay it, he pays the insurance, but he does not invest it or benefit from it. If he needs to repair his car or treat a sick person, it is at his own expense, not at the expense of the insurance company.
Source
قناة «العلامة الدكتور صالح الفوزان»، 141/79 شرح زاد المستقنع/ صالح الفوزان — youtube.com (4:27)
The Arabic text is a machine transcription of the audio recording.