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Rulings 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.SaveShould he take compensation from the insurance company in full or only as much as he paid?
SaveWorking for an insurance company
SaveIs it permissible to take out insurance to cover funeral expenses?
SaveIs 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.SaveHis company took insurance with an insurance company against loss of luggage; can he benefit from this contract?
SaveIs 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.SaveShould he accept compensation from the insurance company?
SaveCan they take the diyah (blood money) for the deceased loved one from the insurance company?
SaveCan the heirs benefit from compensation paid out by the car insurance?
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