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Answers: 12Rulings Insurance
Why Is Commercial Insurance Prohibited?
Commercial insurance is prohibited in Islam due to its involvement in ambiguity, gambling, and Riba, all of which are forbidden in the Quran and Sunnah. Moreover, it leads to the unlawful consumption of wealth, imposes non-Shar’i obligations, and can cause harm to individuals and society.46,861Should he take compensation from the insurance company in full or only as much as he paid?
14,760Working for an insurance company
68,912Is it permissible to take out insurance to cover funeral expenses?
27,396Is Working for a Company that Deals with Insurance Prohibited?
It is not permissible for a Muslim to work for a company that deals in interest and other prohibited transactions. The prohibition includes all the employees who work in the company, even the doorkeepers and security guards.89,378His company took insurance with an insurance company against loss of luggage; can he benefit from this contract?
16,563Is Car Insurance Prohibited in Islam?
Car insurance is not permissible in Islam because it insures one against accidents involving others, and this comes under the heading of commercial insurance which is forbidden in Shari`ah, because it is based on uncertainty and consuming people’s wealth unlawfully.165,752Should he accept compensation from the insurance company?
40,437Can they take the diyah (blood money) for the deceased loved one from the insurance company?
25,461Can the heirs benefit from compensation paid out by the car insurance?
11,113
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