Is it permissible to take a policy from a licenced insurance company?

Please give me guidance about ” Is it halaal to take a policy in LIC ? ” according to Shariya in Islam. Please give the reference of Quran and Hadith.

Answer:

(Fatwa: 565/565/M=1431)

LIC policy is unlawful due to being based on interest and gambling.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

Original Source Link

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

Tags: gambling, Hadith, Interest, Quran

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