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Is Taking Out a Life Cover or Life Assurance Be in the Same Ruling As Life Insurance

Answered according to Hanafi Fiqh by DarulIftaBirmingham

Answered by: Maulana Tammim Tharik Mohamadou

Question:

We know that taken out a life insurance policy is haram, will taking out a life cover (or life assurance as they call it sometimes, I think) be permissible, or will that fall under the same ruling of conventional insurance and be deemed impermissible.

In the name of Allah, the Most Gracious, the Most Merciful

Answer:

Based on our research the life insurance is also called life assurance [1].

As for the life cover, it seems to be seldomly used.

According to Allianz Australia, the life cover is also known as life insurance or death cover.[2]

Consequently, these are life insurance policies thus it will be not be permitted to subscribe.

Only Allah knows best

Written by Maulana Tammim Tharik Mohamadou

Checked and approved by Mufti Mohammed Tosir Miah

Darul Ifta Birmingham

References

[1] Wikipedia, “Life Insurance,” [Online]. Available: https://en.wikipedia.org/wiki/Life_insurance. [Accessed 03 01 2021].
[2] A. Australia, “Life Cover,” [Online]. Available: https://www.allianz.com.au/life-insurance/cover/. [Accessed 03 01 2021].

This answer was collected from DarulIftaBirmingham.co.uk, which is run under the supervision of Mufti Mohammed Tosir Miah from the United Kingdom.

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