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Is it permissible to receive income from an Insurance business in the US according to Islamic Law?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
I work in a Software department (IT) in Pune. The company i work for has a business if Insurance in US. I want to know if my earning is Valid (Halaal)?

Answer

(Fatwa: 1131/921/B=1431)

We cannot say anything in this regard until the whole published procedure (in Urdu) of this company is not before us. However insurance policy contains interest and gambling i.e. it consists of both these things. The illegality of these two is proved by the holy Quran. Hence Muslims should not involve in insurance at any cost.

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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