The Ruling on Working in Insurance Companies
Machine translationRead the Arabic original
Question:
Honorable Shaykh, what is the ruling on working in the Cooperative Insurance Company?
Answer:
Commercial insurance is not permissible; it is forbidden because it involves acquiring wealth through illegitimate means, and it contains riba (usury or interest), evils, and many harms. Commercial insurance in all its forms is forbidden and not permissible. It is not permissible for a person to be employed in insurance companies or institutions, because he would be cooperating with them in sin and aggression. Yes, he should seek employment in a field other than this. Yes.
Honorable Shaykh, what is the ruling on working in the Cooperative Insurance Company?
Answer:
Commercial insurance is not permissible; it is forbidden because it involves acquiring wealth through illegitimate means, and it contains riba (usury or interest), evils, and many harms. Commercial insurance in all its forms is forbidden and not permissible. It is not permissible for a person to be employed in insurance companies or institutions, because he would be cooperating with them in sin and aggression. Yes, he should seek employment in a field other than this. Yes.
Source
شرح بلوغ المرام من أدلة الأحكام [ صالح الفوزان ]، باب الحضانة — islamhouse.com (34:21)
The Arabic text is a machine transcription of the audio recording.