Insurance Coverage on Consumer Items

Answered by 

Shaykh Ebrahim Desai

Insurance Coverage on Consumer Items

By Mufti Ebrahim Desai
Posted: 4 Shawwal 1422, 19 December 2001

Q.) I would like to know that is getting insurance cover on consumer items (e.g watches) halal? If not, why not? [Ridhwaan Nadat]

A.) It is not permissible to take out insurance coverage as it has elements of interest and gambling in it which are prohibited.

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This answer was collected from Albalagh.net, which is an Islamic site with Q&A and articles authored by many world renowned scholars from the Muslim world. Many of Mufti Taqi Uthmani’s fatawa in English are found exclusively on this site.

Tags: gambling, insurance, Interest, Shawwal

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