From the Rulings on Insurance
Machine translationRead the Arabic original
The questioner:
May Allah reward you. The Honorable Shaykh, he says: What is the ruling on insurance?
The Shaykh:
Yes.
The questioner:
He says: What is the ruling on insurance? Insurance. Insurance. Yes.
The Shaykh:
Insurance is forbidden in all its forms. Commercial insurance is forbidden in all its forms because it is consuming people's money by means of falsehood, and it contains gambling, it contains betting, it contains risks, and it contains ignorance. Therefore, this work is not permissible. This is forbidden. Decisions have been issued regarding it by the Council of Senior Scholars, and decisions have been issued by the Fiqh Academies to forbid it, because it is consuming people's money by means of falsehood.
It gathers all types of forbidden matters: riba (usury or interest), gambling, ignorance, and risk. Yes. Whether it is insurance on health, insurance on a car, insurance on goods, or anything else. This is not permissible. And if the system of the disbelievers operates on this, and some Muslims imitate them, that is not a proof. It is not a proof. As long as it contradicts the Book and the Sunnah, even if all people and the entire world are upon it, it is not a proof. Therefore, it is not permissible for a Muslim to work in it. Yes.
May Allah reward you. The Honorable Shaykh, he says: What is the ruling on insurance?
The Shaykh:
Yes.
The questioner:
He says: What is the ruling on insurance? Insurance. Insurance. Yes.
The Shaykh:
Insurance is forbidden in all its forms. Commercial insurance is forbidden in all its forms because it is consuming people's money by means of falsehood, and it contains gambling, it contains betting, it contains risks, and it contains ignorance. Therefore, this work is not permissible. This is forbidden. Decisions have been issued regarding it by the Council of Senior Scholars, and decisions have been issued by the Fiqh Academies to forbid it, because it is consuming people's money by means of falsehood.
It gathers all types of forbidden matters: riba (usury or interest), gambling, ignorance, and risk. Yes. Whether it is insurance on health, insurance on a car, insurance on goods, or anything else. This is not permissible. And if the system of the disbelievers operates on this, and some Muslims imitate them, that is not a proof. It is not a proof. As long as it contradicts the Book and the Sunnah, even if all people and the entire world are upon it, it is not a proof. Therefore, it is not permissible for a Muslim to work in it. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، من أحكام التأمين - لمعالي الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.