What is the ruling on taking compensation money from an insurance company in the event of a car accident?
Machine translationRead the Arabic original
Question:
He says: What is the ruling on taking compensation money for a car accident from an insurance company?
Answer:
Commercial insurance is not permissible, and it is consuming wealth unjustly. It involves riba (usury or interest) because you pay a small amount, and the penalty may be large, more than what you paid, so this is also riba. Repair your car from your own money, and Allah will replace it for you, and praise be to Allah.
He says: What is the ruling on taking compensation money for a car accident from an insurance company?
Answer:
Commercial insurance is not permissible, and it is consuming wealth unjustly. It involves riba (usury or interest) because you pay a small amount, and the penalty may be large, more than what you paid, so this is also riba. Repair your car from your own money, and Allah will replace it for you, and praise be to Allah.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم أخذ مال تعويض من شركة التأمين عند اصطدام السيارة؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.