Mufti Online — Madrasah Ta'leemuddeen

Selling insurance policies

· 1 Rabiʻ I 1438 AH1 min readEnglish

Question

I would like to know if I get a job as a financial advisor which involves the selling of life cover, non-shariah compliant investments, etc. Would the money earned from this occupation be halaal or haraam?

Answer

Insurance is haraam as it contains the elements of gambling and interest in it. Working for such a company is impermissible as one will be involved in haraam. Hence, the income earned through such an occupation is haraam.

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

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/17041
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-17041

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