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Is life insurance permissible in Islam?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
ASSALAMUALIKUM I WANT TO KNOW THAT IT IS LEGAL TO DO LIFE INSURANCE & TO BECOME LIFE INSURANCE AGENT IN THE EYES OF SHARIYAT.

Answer

(Fatwa: 710/710=M/1429)

Life insurance consists of interest and gambling which have been declared haram by the Quran. Therefore, it is unlawful to be agent of life insurance.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

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