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