Home » Hanafi Fiqh » Darulifta-Deoband.com » Is commission from insurance premiums halal or haram?

Is commission from insurance premiums halal or haram?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
I am am insurance adviser. I do get commision from customer’s preimium. Which can be renewable or not. At the time of maturity of insurance the company is giving sum assured. So, i want to know the commision is halal or haram?

Answer

(Fatwa: 939/875=D/1429)

Life insurance is based on interest and gambling, therefore it is haram. It is unlawful to take commission on it; the income shall not be lawful.  

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.

Read answers with similar topics: