The Ruling on Insurance for Property, Especially Cars
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The Ruling on Insurance for Property, Especially Cars
What is your opinion, Your Excellency, on insuring property, especially cars, where one pays an annual fee to the company, determined by known regulations, and the company undertakes to compensate the beneficiary for any accidents that happen to the car during that specified period,With the note: where the company does not return any of the amount if no accident happens to the car?
This is forbidden,Insurance in the manner you described: because the insured pays annual or monthly sums to the company, and if an accident occurs, the company covers it, whether it is more or less than what the insured paid, and if no accident occurs, the company does not return what it took. This is of the forbidden gambling, whose prohibition is linked to the prohibition of intoxicants and idols, so it is not permissible for a person to deal in this manner.
The questioner: Do they issue rulings on it?Answer: Rulings from whom?The questioner: I do not know.
The Shaykh: Even the one who issued it is misguided.
The questioner: They say: We have fatwas.
The Shaykh: I say: This is an error, it is not correct, and no one issues a ruling to that effect;Because every contract that includes risk: and that is that one of the two parties in the contract is a gainer or a loser,is of the gambling, Allah the Exalted said: [Al-Ma'idah: 90] .
What is your opinion, Your Excellency, on insuring property, especially cars, where one pays an annual fee to the company, determined by known regulations, and the company undertakes to compensate the beneficiary for any accidents that happen to the car during that specified period,With the note: where the company does not return any of the amount if no accident happens to the car?
This is forbidden,Insurance in the manner you described: because the insured pays annual or monthly sums to the company, and if an accident occurs, the company covers it, whether it is more or less than what the insured paid, and if no accident occurs, the company does not return what it took. This is of the forbidden gambling, whose prohibition is linked to the prohibition of intoxicants and idols, so it is not permissible for a person to deal in this manner.
The questioner: Do they issue rulings on it?Answer: Rulings from whom?The questioner: I do not know.
The Shaykh: Even the one who issued it is misguided.
The questioner: They say: We have fatwas.
The Shaykh: I say: This is an error, it is not correct, and no one issues a ruling to that effect;Because every contract that includes risk: and that is that one of the two parties in the contract is a gainer or a loser,is of the gambling, Allah the Exalted said: