IslamQA

Selling auto insurance.

Answered according to Hanafi Fiqh by DarulUloomTT.net

Q. I would like to know if selling auto insurance is haram or is it ok for us to do?


A. All types of conventional insurances are considered to be unlawful by the scholars and auto insurance will fall into this. Due to the fact that having an auto insurance is a requirement in accordance to the law of the country, one is allowed to have one to the extent of necessity in fulfilling the requirement of the country’s law. However, there is no requirement in selling such insurance and seeing that it is unlawful, one must avoid selling it.

And Allah knows best.

Mufti Waseem Khan

This answer was collected from DarulUloomTT.net, which is operated under the supervision of Mufti Waseem Khan from Darul Uloom Trinidad and Tobago.

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