The Ruling on Insurance and Benefiting from It
Machine translationRead the Arabic original
The questioner:
Is insurance a form of legal facilitation? And what is the ruling on benefiting from it?
The Shaykh:
Commercial insurance is not a form of facilitation; rather, it is forbidden because it contains riba (usury or interest), it contains ignorance, it contains gharar (excessive uncertainty in a contract), and it contains risks. It is composed of many things, including the consumption of people's money without right. If you pay 100 riyals and then incur a loss of 10,000 riyals, the insurance company pays that out of the money of the people and the partners. By what right? You only paid 100 riyals, yet you take ten thousand or one hundred thousand from people's money. By what right is this? Yes.
The questioner:
Now, as you know, insurance is mandatory in the application form. If it is made mandatory and small amounts are taken from him, and then he has an accident, does he take from the company or not?
The Shaykh:
He takes the amount he paid. He takes the amount he paid. Yes.
Is insurance a form of legal facilitation? And what is the ruling on benefiting from it?
The Shaykh:
Commercial insurance is not a form of facilitation; rather, it is forbidden because it contains riba (usury or interest), it contains ignorance, it contains gharar (excessive uncertainty in a contract), and it contains risks. It is composed of many things, including the consumption of people's money without right. If you pay 100 riyals and then incur a loss of 10,000 riyals, the insurance company pays that out of the money of the people and the partners. By what right? You only paid 100 riyals, yet you take ten thousand or one hundred thousand from people's money. By what right is this? Yes.
The questioner:
Now, as you know, insurance is mandatory in the application form. If it is made mandatory and small amounts are taken from him, and then he has an accident, does he take from the company or not?
The Shaykh:
He takes the amount he paid. He takes the amount he paid. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، محاضرات في العقيدة والدعوة-037-الفرق بين التيسير الشرعي والمعاصر|صالح الفوزان|كبار العلماء — youtube.com (1:13:26)
The Arabic text is a machine transcription of the audio recording.