I am System Operator in Srikalahasti Municiality and Agent in Bajaj Allianz Life Insurance Co. Ltd., my doubt is in Bajaj Allianz I do only (ULIP)Unit Linked and Insurance Product – That means depend on Share Market and company gives Insurance also to constomer – please give clarify to me immediately and send to my mail address.
Answer:
(Fatwa: 1449/1364=D/1429)
Life insurance involves interest and gamble which have been declared haram by the Quran and Hadith. Therefore, any job comprising of the same is unlawful.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband