State Life Insurance

Question-AnswersCategory: OthersState Life Insurance
Ashfaq Hameed asked 4 years ago

I want to ask that is state life insurance policies allowed in Islam? We started policy for our child future for his studies and marriage from now. Is it halal or haram?

1 Answers
Syed Hamad khalid answered 4 years ago

Brother Asfhaq here you need to keep two things in mind. 
1. Its no where written in Quran that insurance is haram. 
2. Most of the insurance companies work with methods of Riba or Sood therefore its Haram. 
So final answer is that most of insurance comapnies deal with Riba or sood so they are completely haram, 
If you see any insurance company according to islamic rules then there is no problem to join insurance. 

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