The Ruling on Insurance for Wealth, Trade, and Vehicles
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Recently, what is known as insurance has appeared, insurance for wealth, trade, and vehicles, and companies have emerged in this field.And they insure cars, meaning: If a car is involved in an accident, they guarantee its value, and if there are fatalities resulting from the accident, they pay the blood money. So what is your guidance, given that they call it cooperative insurance under the heading of cooperation? What is your guidance in this matter? May Allah reward you with good.
Based on what you have mentioned, we see that this is forbidden.Meaning: That the car owner pays a certain amount each month or a certain amount each year to the company, and the company guarantees the accident resulting from this car. We see that this is haram, and that it is of the nature of maysir (gambling) which Allah associated with the worship of idols and the drinking of intoxicants. Allah the Exalted said: [Al-Ma'idah: 90] The reason for this is: if this insured person pays five hundred riyals each month, he owes six thousand riyals in the year. Perhaps an accident occurs in this year that costs him twenty thousand riyals, or perhaps nothing happens.If the first one, meaning: If an accident occurs that costs twenty thousand riyals, the insured who paid the insurance becomes the gainer and the company becomes the loser. And if the opposite happens, that the year passes and no accident occurs, the company becomes the gainer and the insured becomes the loser. This is exactly maysir (gambling). So it is haram, and it is not permissible for a person to engage in it. And do not be deceived, O person,By the work of people, then Allah Blessed and Exalted says: [Al-An'am: 116] .
So my advice to my brothers: That they boycott these insurances.And as for their saying: That it is cooperative insurance. This is the most false of things. Can any person who has not entered into this insurance benefit from this association? Absolutely not, he does not benefit. Rather, it is insurance that contains maysir (gambling) and qimar (gambling).
Based on what you have mentioned, we see that this is forbidden.Meaning: That the car owner pays a certain amount each month or a certain amount each year to the company, and the company guarantees the accident resulting from this car. We see that this is haram, and that it is of the nature of maysir (gambling) which Allah associated with the worship of idols and the drinking of intoxicants. Allah the Exalted said:
O you who have believed, indeed, intoxicants, gambling, [sacrificing on] stone alters [to other than Allah], and divining arrows are but defilement from the work of Satan, so avoid it that you may be successful.
يَا أَيُّهَا الَّذِينَ آمَنُوا إِنَّمَا الْخَمْرُ وَالْمَيْسِرُ وَالْأَنْصَابُ وَالْأَزْلامُ رِجْسٌ مِنْ عَمَلِ الشَّيْطَانِ فَاجْتَنِبُوهُ لَعَلَّكُمْ تُفْلِحُونَAnd if you obey most of those upon the earth, they will mislead you from the way of Allah
وَإِنْ تُطِعْ أَكْثَرَ مَنْ فِي الْأَرْضِ يُضِلُّوكَ عَنْ سَبِيلِ اللَّهِSo my advice to my brothers: That they boycott these insurances.And as for their saying: That it is cooperative insurance. This is the most false of things. Can any person who has not entered into this insurance benefit from this association? Absolutely not, he does not benefit. Rather, it is insurance that contains maysir (gambling) and qimar (gambling).