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Purchasing or selling travel insurance

Answered as per Hanafi Fiqh by Muftisays.com
Is it permisable to purchase or sell Travel Insurance? If not permisable, what should i do with the money i make from selling it?
Jazakalah khair

Answer
Bismillah

Al-jawab billahi at-taufeeq (the answer with Allah’s guidance)

It will not be permissible. Also, the money that you made from selling the insurance is Haraam and must be given to those eligible for charity without any hope for reward.

Please refer to: http://www.muftisays.com/qa.php?viewpage=viewQA&question=3511

And Only Allah Ta’ala Knows Best.

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Moulana Qamruz Zaman
London, UK

Original Source Link

This answer was collected from MuftiSays.com, based in London (UK). It is one of the fruits of Darul Uloom London. Many ‘ulama are involved in answering the Q&A on the site, including: Shaikul Hadeeth Mufti Umar Farooq Sahib, Mufti Saifur Rahman Sahib, Mufti Abdullah Patel Sahib, Maulana Qamruz Zaman Sahib, Mufti Abu Bakr Karolia Sahib.

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