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Subject: Re: LIFE INSURANCE Author: Laila Nasheeba [ Next Thread | Previous Thread | Next Message | Previous Message ] Date Posted: 15:46:13 11/28/02 Thu Author Host/IP: dhcp024-210-178-136.woh.rr.com/24.210.178.136 In reply to: Muhammad Zeeshan 's message, "LIFE INSURANCE" on 13:52:42 11/28/02 Thu As Salaamu Alaikoum, Praise be to Allah. Praise be to Allaah. Shaykh Ibn Baaz (may Allaah have mercy on him) was asked about life insurance, and he said: Insurance of one’s life or possessions is haraam and is not permitted, because it involves gharar (buying/selling something where it is not known whether what is being bought/sold will actually be achieved/delivered, or in what specific quantity, thus putting one’s money at undue risk to being lost) and riba (usury, interest). Allaah has forbidden all transactions that are based on riba, and all transactions which involve deceit, as a mercy to this ummah, and to protect them from that which may harm them. Allaah says (interpretation of the meaning): “whereas Allaah has permitted trading and forbidden Ribaa”[al-Baqarah 2:275] And it was narrated in a saheeh report that the Prophet (peace and blessings of Allaah be upon him) forbade deceit. And Allaah is the source of strength. Fataawa Islamiyyah, 3/5 [ Next Thread | Previous Thread | Next Message | Previous Message ]