Insurance money after leaving the company

The questioner:
A questioner asks, saying: I used to work for a company, and they would take insurance money from me. I left this company, and they gave me back the insurance money they had taken from me. What is the ruling?

The Shaykh:
You are asking after you have already taken the insurance. This is a problem. You should have asked before taking it. But since you have taken it or become involved in it, you should give it in charity to get rid of it. Give it in charity to get rid of it. It is considered charity, a means of getting rid of it, by placing it in a charitable project, like money that has no rightful claimant or owner, so it remains in a charitable project, and you get rid of it that way. Yes.
No type of insurance is permissible except only cooperative insurance. Cooperative insurance is the only type that is permissible. As for the rest of the insurances—life insurance, insurance on body parts, health insurance, car insurance, insurance on property—all of this is not permissible because it is consuming wealth unjustly. Yes.

The questioner:
When he arrived, they returned it to him.

The Shaykh:
We have answered the question. We have answered the question. As for it being deducted from them, it is not deducted from him. Insurance is well known; the insurance system is well known. They take a certain amount of money from you and pledge that if something happens to you, they will pay the compensation. You bear the compensation for your car, for your body, for this? This employee is not on insurance. This employee is considered to be on retirement. Retirement is a system different from this; it is a government system. The company did not have retirement; this is insurance, not retirement. Retirement has a different ruling. Yes.