Transactions & Dealings >> Interest & Insurance

Question ID: 4825Country: India

Title: I am am insurance adviser. I do get commision from customer?s preimium. Which can be renewable or not. At the time of maturity of insurance the company is giving sum assured. So, i want to know the commision is halal or haram?

Question: I am am insurance adviser. I do get commision from customer?s preimium. Which can be renewable or not. At the time of maturity of insurance the company is giving sum assured. So, i want to know the commision is halal or haram?

Answer ID: 4825Posted on: Aug 31, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 939/875=D/1429)

Life insurance is based on interest and gambling, therefore it is haram. It is unlawful to take commission on it; the income shall not be lawful.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: I am am insurance adviser. I do get commision from customer?s preimium. Which can be renewable or not. At the time of maturity of insurance the company is giving sum assured. So, i want to know the commision is halal or haram?

Question: I am am insurance adviser. I do get commision from customer?s preimium. Which can be renewable or not. At the time of maturity of insurance the company is giving sum assured. So, i want to know the commision is halal or haram?

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