Fatwa #864516 May 2003Pakistan
What is the concept of Insurance in Islam. Is it premissible in Islam.
Answer
Conventional insurances contain elements of interest and gambling, which, are expressly prohibited in the Qur?aan. Hence, not permissible.
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai