As Salamoalikum dear sir, Please tell me about Health Insurance and Vehicle Insurance. It is permissible or not ? Can we use Health insurance plans which has no Interest (BIYAJ) facilities it is only for Medical or Hospital purpose. Vehicle (Bike) insurance is now a days is necssary but in Islamic way we can do motorcycle Insurance or Not. thanking you
Answer:
(Fatwa: 217/199=B/1429)
Health insurance is impermissible, it consists of gambling. However, one can ensure motorcycle with a condition that in case of loss you do not receive more than what you deposited.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband