The money received as a result of a commercial insurance contract, if received by one who was unaware of the ruling
Machine translationRead the Arabic original
The first question of Fatwa No. ( 5076 )
Q1: In many countries, insurance is necessary, and it may even be obligatory, with punishment for leaving it. Like other merchants, a merchant insured the goods in his store. Allah willed that fire consumed the store, burning all the goods within it. After the incident, the insurance company assessed the amount of the losses, and after taking some procedures, it compensated him for the value of everything that was lost. The question is: What is your opinion regarding the money received?
A1: Commercial insurance is not permissible in any of its forms; because it contains excessive uncertainty, usury or interest, and ignorance. As for the money received as a result of a commercial insurance contract, if
it was received by one who was unaware of the ruling, there is no blame on him for that, and he is not allowed to return to insurance contracts; for Allah Mighty and Majestic said:[Al-Baqarah 2:275] And if he received the profit with knowledge of the ruling, it is obligatory for him to make sincere repentance to Allah the Exalted and to give that profit in charity.
Q1: In many countries, insurance is necessary, and it may even be obligatory, with punishment for leaving it. Like other merchants, a merchant insured the goods in his store. Allah willed that fire consumed the store, burning all the goods within it. After the incident, the insurance company assessed the amount of the losses, and after taking some procedures, it compensated him for the value of everything that was lost. The question is: What is your opinion regarding the money received?
A1: Commercial insurance is not permissible in any of its forms; because it contains excessive uncertainty, usury or interest, and ignorance. As for the money received as a result of a commercial insurance contract, if
it was received by one who was unaware of the ruling, there is no blame on him for that, and he is not allowed to return to insurance contracts; for Allah Mighty and Majestic said:
So whoever has received an admonition from his Lord and desists may have what is past, and his affair rests with Allah. But whoever returns to [dealing in interest or usury] - those are the companions of the Fire; they will abide eternally therein.
فَمَنْ جَاءَهُ مَوْعِظَةٌ مِنْ رَبِّهِ فَانْتَهَى فَلَهُ مَا سَلَفَ وَأَمْرُهُ إِلَى اللَّهِ وَمَنْ عَادَ فَأُولَئِكَ أَصْحَابُ النَّارِ هُمْ فِيهَا خَالِدُونَ
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.