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Subject: Life insurance

Author:
ztzzttu

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Date Posted: 20:51:34 05/31/02 Fri
Author Host/IP: pm682-15.dialip.mich.net/207.73.72.121

Is Life insurance Haram. I'm told that there is interest involved. Please give daleel. My husbund wants to buy life insurance. He will be puting in a small amount every month however if he dies, they will be giving him much much more than he put in. As-Salaamu 'alaikum.

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[> Subject: Re: Life insurance

Author:
Laila Nasheeba
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Date Posted: 05:03:12 06/01/02 Sat
Author Host/IP: dhcp024-210-245-129.woh.rr.com/24.210.245.129

As Salaamu Alaikoum,

Praise be to Allah.

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 ALLAH KNOWS BEST

Laila Nasheeba