Transactions & Dealings >> Interest & Insurance
Question ID: 22905Country: India
Answer ID: 22905
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 1131/921/B=1431)
We cannot say anything in this regard until the whole published procedure (in Urdu) of this company is not before us. However insurance policy contains interest and gambling i.e. it consists of both these things. The illegality of these two is proved by the holy Quran. Hence Muslims should not involve in insurance at any cost.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India