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House and Goods Insurance

Answered as per Hanafi Fiqh by Daruliftaa.com

My family has house insurance whereby if a) someone broke in and stole goods, or b) if damage such as fire occurred, we would receive a payout by the insurance company. Is this type of insurance also haram?


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

Yes, this type of house insurance or goods insurance is unlawful (haram) and should be avoided. All types of prevalent insurances are unlawful, for they have an element of either Riba, chancing or both, as has been explained in detail in many earlier posts. Search the archives on this website & www.sunnipath.com

And Allah knows best

[Mufti] Muhammad ibn Adam
Darul Iftaa
Leicester , UK

This answer was collected from Daruliftaa.com, which is headed by Mufti Muhammad ibn Adam Al-Kawthari. He’s based in the United Kingdom.

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