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Taking out an insurance policy

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: I am a mother of a 1 year old child. I want to do “educational insurance policy” for my son. Is subject policy allowed in Islam?

Bismillaah

A: All insurance policies have the elements of gambling and interest, and therefore forbidden.

And Allah Ta’ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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