What is the ruling on insurance for lives and property?
Machine translationRead the Arabic original
Question:
This questioner says: Honorable Shaykh! Know, may Allah have mercy on you, that we love you for the sake of Allah the Exalted. Honorable Shaykh, is the insurance known today for lives, cars, houses, and other things permissible or not?
Answer:
Insurance, in all its types, whether for the person, the car, the house, the limbs, or the goods, is all forbidden, because it is consuming wealth unlawfully, and it involves gambling and risks, and consuming people's wealth unlawfully. So it is not permissible. Yes.
This questioner says: Honorable Shaykh! Know, may Allah have mercy on you, that we love you for the sake of Allah the Exalted. Honorable Shaykh, is the insurance known today for lives, cars, houses, and other things permissible or not?
Answer:
Insurance, in all its types, whether for the person, the car, the house, the limbs, or the goods, is all forbidden, because it is consuming wealth unlawfully, and it involves gambling and risks, and consuming people's wealth unlawfully. So it is not permissible. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم التأمين على الأنفس والممتلكات؟ #فتاوى الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.