Life Insurance

Answered according to Hanafi Fiqh by IslamicPortal.co.uk

Is it permissible for my wife and I to take out a life insurance policy so that if I die, there is no mortgage left? I have a feeling that I should not because I should have faith in Allah. Please clarify the matter.

بسم الله الرحمن الرحیم

Answer

Life insurance is not permissible because it is interest based and because of the garar (uncertainty) therein. Your feeling is correct that a person should have faith and reliance in Allah Almighty.

قال شيخنا المفتي محمد تقي العثماني في إنعام الباري (٦/٢٧٨) وتقرير ترمذي (١/١٠١) ما تعريبه وحاصله: تأمين الحياة فيه غرر وربوا فلا يجوز، انتهى. وراجع بيمه زندگی للمفتي محمد شفيع وأحسن الفتاوى (٧/٢٣) وفتاوى محموديه (٢٤/٤٥٤) وفتاوى رحيميه (٩/٢٤١) وفتاوى عثماني (٣/٣١٤ و ٣٢٨ و ٣٣٠)۔

Allah knows best

Yusuf Shabbir

15 Jumādā al-Ūlā 1439 / 31 January 2018

Approved by: Mufti Shabbir Ahmed and Mufti Muhammad Tahir

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