Question
Is taking Life Insurance Policy allowed in Islam?.
Answer
Muhtaram / Muhtaramah
In the Name of Allāh, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh.
All conventional insurance schemes have elements of interest, gambling and uncertainty in them. The factors make conventional insurances prohibited.
And Allah knows best
Darul Iftaa
Madrasah Inaa’miyyah
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