As salaam alaikum wa rehmatullahi wa barakatahu, Is Life insurance Haraam or Halal ? Please replt Jazak Allah khair

Answered by 

Shaykh Ebrahim Desai

Answer:

All conventional life insurance policies are Haraam. They have elements of
gambling and interest in them.

and Allah Ta’ala Knows Best

Mufti Ebrahim Desai
FATWA DEPT.

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This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

Tags: gambling, haraam, insurance, Interest

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