Question:
1. Is it permissible to take out house insurance?
2. Is it permissible to take out insurance for mobile phones?
3. Is it permissible to take out health insurance?
Answer:
It is not permissible to take out any type of insurance which is in vogue today for a simple reason that it is a form of interest and gambling. There are few types of insurance that may be permissible but they can only be understood after fully studying these insurance companies, their policies and schemes. (Jawaahirul Fiqh, Vol. 2, Page 351, Jadeed Fiqhi Masaail, Vol. 1, Page 260-262)
And Allah Ta’ala knows best
Ilyaas bin Hashim Limbada
Attested to as correct by:
Mufti Muhammad Ashraf
Darul Iftaa
Jameah Mahmoodiyah
Springs
26 April 2004
05 Rabee’ul Awwal 1425