• Transactions & Dealings >> Interest & Insurance

    Question ID: 8745Country: India

    Title: to make the L.I.C. POLICY IN ISLAM IS PERMIT.TO WORK AS A L.I.C AGENT IA ALLOWED IN ISLAM TELL ME ABOUT COMMISSION AGENT THAT MONEY IS HALAL OR HARAMPLEASE TELL ME IN DETAILS KHUDA HAFIZ. ASSALAMUALIKUM

    Question: to make the L.I.C. POLICY IN ISLAM IS PERMIT.TO WORK AS A L.I.C AGENT IA ALLOWED IN ISLAM TELL ME ABOUT COMMISSION AGENT THAT MONEY IS HALAL OR HARAMPLEASE TELL ME IN DETAILS KHUDA HAFIZ. ASSALAMUALIKUM

    Answer ID: 8745

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 2145/1732=B/1429)

     

    The LIC policy is composed of interest and gambling i.e. these two things are found therein, which have been declared haram (forbidden) by the Quran and Hadith. Therefore, it is unlawful to take the policy. Working as LIC agent is helping in sin which is also not lawful.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India