Providing An Accounting Service To An Insurance Company
Question
Is it permissible for an accountant to offer his accounting and tax services to an insurance broker?
Answer
All forms of insurance are Haraam in Shariah due to it containing the element of gambling and interest. It will not be permissible to derive any income from an insurance company in lieu of one’s services since the income from such a business is impermissible. Secondly, offering one’s services to an insurance company is tantamount to assisting in the disobedience of Allah d which has been categorically prohibited in the Quraan Sharif, hence one should avoid such an employment.
( وَلَا يَجُوزُ الِاسْتِئْجَارُ عَلَى الْغِنَاءِ وَالنَّوْحِ ، وَكَذَا سَائِرُ الْمَلَاهِي ) ؛ لِأَنَّهُ اسْتِئْجَارٌ عَلَى الْمَعْصِيَةِ وَالْمَعْصِيَةُ لَا تُسْتَحَقُّ بِالْعَقْدِ .العناية ص395 ج12
ولا تعاونوا علي الاثم والعدوان (المائدة)
- Approved by
- Mufti Muhammed Saeed Motara Saheb D.B.
Where scholars differ, it’s safer to take the more cautious view.
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Source: Darul Ifta, Darul Uloom Azaadville — https://www.iftadua.co.za/providing-an-accounting-service-to-an-insurance-company/6694/
Fatawa SA: https://fatawa.co.za/fatwa/azaadville-6694
People also ask
Is insurance permissible?
“Life insurance policies are Haraam as it is based on interest, gambling and uncertainty (Gharar). Make Taubah and Istighfaar for your mother for engaging in Haraam dealings. There are severe warnings cited in the Mubarak…”
Ibn Masood · 392 fatawa from 7 Darul Iftas on this
What the Darul Iftas say