Is it permissible to work in insurance companies?
Machine translationRead the Arabic original
The questioner:
I am a person who has been working in an insurance company for three months. The insurance company insures cars, factories, and businesses. Should I continue working with them, or should I withdraw? I know that they offered me another job, which is collecting money. What is the ruling? May Allah reward you with good.
The Shaykh:
We advise you not to work in insurance companies; because insurance involves uncertainty (gharar) and riba (usury or interest), so you should not work with them in anything that is not permissible by the Shari'ah. And Allah, (Exalted and Majestic is He), says:[Al-Ma'idah 5:2] Therefore, commercial insurance companies are built on ignorance and gharar (excessive uncertainty in a contract) in the money they take and pay out to people. For this reason, we do not know of it and we disapprove of it, and I disapprove of it from the scholars of repute whom I know. So, greeting commercial insurance is this: participation in it and cooperating with it involves a kind of approval and a kind of assistance in what is not permissible.
The questioner:
Well, Shaykh, may Allah have mercy on you. If, for example, I paid... I mean, I knew that this was a mistake. After returning once. I, I. But do you have to print the news?
The Shaykh:
With the ignorance, we hope for your work, we hope for your work, yes.
I am a person who has been working in an insurance company for three months. The insurance company insures cars, factories, and businesses. Should I continue working with them, or should I withdraw? I know that they offered me another job, which is collecting money. What is the ruling? May Allah reward you with good.
The Shaykh:
We advise you not to work in insurance companies; because insurance involves uncertainty (gharar) and riba (usury or interest), so you should not work with them in anything that is not permissible by the Shari'ah. And Allah, (Exalted and Majestic is He), says:
And cooperate in righteousness and piety, but do not cooperate in sin and aggression.
وَتَعَاوَنُوا عَلَى الْبِرِّ وَالتَّقْوَىٰ وَلَا تَعَاوَنُوا عَلَى الْإِثْمِ وَالْعُدْوَانِThe questioner:
Well, Shaykh, may Allah have mercy on you. If, for example, I paid... I mean, I knew that this was a mistake. After returning once. I, I. But do you have to print the news?
The Shaykh:
With the ignorance, we hope for your work, we hope for your work, yes.
Source
قناة «فضيلة الشيخ ابن باز Alsheikh Binbaz»، 282 هل يجوز العمل في شركات التأمين؟ للإمام ابن باز — youtube.com
The Arabic text is a machine transcription of the audio recording.