Mufti Online — Madrasah Ta'leemuddeen

Preparing an accounting system for someone selling insurance policies

· 24 Muharram 1447 AH1 min readEnglish

Question

My friend’s father earns commission on selling insurance policies. I have been asked to prepare an accounting system to record all the income and expenses and will be compensated for it. Insurance includes both Islamic and conventional. Will my income be haraam or halaal?

Answer

All forms of insurance are haraam in Islam on account of the elements of Qimaar (gambling) and riba (interest) being found in them.

Hence, you should decline to do this work for them as you will be assisting them in their wrong operation.

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/35987
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-35987

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