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Is making insurance policies legal in Islam?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
Assalamalaikum…. My name is sania, sir will u please tel me about making insurance policies is legal in islam or not, and if it is legal then will u please tel me only those policies which are legalised by Islam, waiting for ur reply…. Thank u…….

Answer

(Fatwa: 1218/913/L=1431)

Most of the insurance policies either include interest and gambling or only gambling. That is why availing insurance policy is unlawful.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

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

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