Working in an Insurance Company
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Fatwa No. ( 10266 )
Q: Since we are agents for an insurance company in the Kingdom, and this company insures against accidents and fires, and its insurance covers all types of life insurance and the like, and since we receive an annual commission from the income of this institution for our agency of it in the Kingdom, we ask your Eminence to issue a ruling for us, may Allah reward you with the best reward, regarding this transaction: is it lawful or forbidden? May Allah make us and you among those whose lives are long and whose deeds are good.
A: The insurance mentioned is commercial insurance, and it is forbidden. The company’s agent falls under the general ruling, so it is not permissible for him to work in it, nor to take a wage from it.
Q: Since we are agents for an insurance company in the Kingdom, and this company insures against accidents and fires, and its insurance covers all types of life insurance and the like, and since we receive an annual commission from the income of this institution for our agency of it in the Kingdom, we ask your Eminence to issue a ruling for us, may Allah reward you with the best reward, regarding this transaction: is it lawful or forbidden? May Allah make us and you among those whose lives are long and whose deeds are good.
A: The insurance mentioned is commercial insurance, and it is forbidden. The company’s agent falls under the general ruling, so it is not permissible for him to work in it, nor to take a wage from it.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.