*Bismillahir-Rahmanir-Rahim*
{In the name of Allah most Gracious Most Merciful}
Allah says, in Quran
This day, I have perfected your religion for you,
completed My Favour upon you,
and have chosen for you Islâm as your religion.
(Al-Maeda-3)
Bismillah Walhamdulillah Was Salaatu Was Salaam 'ala Rasulillah
As-Salaam Alaikum Wa-Rahmatullahi Wa-Barakatuhu
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taken from my elder sister "Seekers" Forum
http://groups.yahoo.com/group/Seekers-Of-Islam/
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The rulings on commercial insurance which is widespread nowadays
1) All kinds of commercial insurance are clearly and undoubtedly ribaa
(interest/usury). Insurance is the sale of money for money, of a greater or
lesser amount, with a delay in one of the payments. It involves riba al-fadl
(interest-based transaction) and riba al-nas’ (interest to be charged if
payment is delayed beyond the due date), because the insurance companies take
people’s money and promise to pay them more or less money when a specific
accident against which insurance has been taken out happens. This is riba, and
riba is forbidden in the Qur’aan, in many aayaat.
Al-Baqara [2:275],[2:276] ,[2:278], Aal-e-Imran [3:130],An-Nisa [4:161],
Al-Maeda [5:62], Al-Anaam [6:146], Al-Isra [17:64]
2) All kinds of commercial insurance are based on nothing but gambling
which is haraam according to the Qur’aan:
“O you who believe! Intoxicants (all kinds of alcoholic drinks), and gambling,
and Al-Ansaab (stone altars for sacrifice to idols etc.) and Al-Azlaam (arrows
for seeking luck or decision) are an abomination of Shaytaan’s (Satan’s)
handiwork. So avoid (strictly all) that (abomination) in order that you may be
successful” (al-Maa’idah 5:90 – interpretation of the meaning).
All kinds of insurance are kinds of playing with chances. They tell you, Pay
this much money, then if this happens to you we will give you this much. This
is pure gambling. Insisting on differentiating between insurance and gambling
is pure stubbornness that is unacceptable to any sound mind. The insurance
companies themselves admit that insurance is gambling.
3) All kinds of insurance are forms of uncertainty, and transactions which
involve uncertainty are forbidden according to many saheeh ahaadeeth, such as
the hadeeth narrated by Abu Hurayrah (may Allaah be pleased with him):
“The Messenger of Allaah (peace and blessings of Allaah be upon him) forbade
transactions determined by throwing a stone and transactions which involved
some uncertainty.”(Book 10, Number 3614,Narrated by Muslim).
[“Transactions determined by throwing a stone” – this was a type of transaction
that was prevalent in the markets of pre-Islamic Arabia, whereby a stone was
thrown by either the buyer or the seller, and whatever it touched, its
transaction became binding.“Transactions which involved some uncertainty” – is
a transaction in which there is no guarantee that the seller can deliver the
goods for which he receives payment. Footnotes from the translation of Saheeh
Muslim. (Translator)].
All forms of commercial insurance are based on uncertainty of the most extreme
kind. Insurance companies and those who sell insurance refuse to insure cases
except where there is clear uncertainty in whether or not the condition being
insured against will happen or not. In other words, the condition being
insured against must have a possibility of happening or not happening (as
opposed to, for example, someone who has a pre-existing condition, such as a
person who is on death row applying for life insurance--translator.) Moreover,
this transaction involves something uncertain, which is when an accident will
happen and the extent of the damage caused. Hence insurance combines three
kinds of extreme uncertainty.
4) All kinds of commercial insurance consume people’s wealth unjustly,
which is haraam according to the Qur’aan:
“O you who believe! Eat not up your property among yourselves unjustly”
(al-Nisaa’ 4:29 – interpretation of the meaning).
All forms of commercial insurance are fraudulent transactions aimed at
consuming people’s wealth unjustly. The precise statistics calculated by one of
the German experts state that what people get back of what has been taken from
them is no more than 2.9%.
Insurance is an immense loss for the nation, and there is no evidence or excuse
to be found in the actions of the kuffaar who have lost the ties of kinship and
friendship and are therefore forced to resort to insurance, which they hate as
much as they hate death.
These are only some of the violations of sharee’ah which insurance is
essentially based upon. There are numerous other violations which we do not
have room to mention here, and there is no need to do so, because just one of
the violations which we have mentioned above is sufficient to makeinsurance one
of the things which is most prohibited in the sharee’ah of Allaah.
It is a shame that some people are deceived by the ways in which the insurance
companies make insurance attractive and confuse them by calling
it“co-operative” or “mutual support” or “Islamic”, or other names which do not
change the unjust nature of insurance in the slightest.
The insurance companies’ claim that the ‘ulamaa’ have issued fatwaas stating
that so-called“co-operative insurance” is halaal, is a lie. The reason for this
confusion is that some insurance companies approached the ‘ulamaa’ with a
deceitful set-up which has nothing to do with any kind of insurance, but they
said that it was a kind of insurance which they called“co-operative insurance”
(to make it sound attractive and to confuse the people). They said that it was
purely in the nature of a donation, and that it was a kind of the co-operation
enjoined by Allaah in the aayah (interpretation of the meaning): “Help you one
another in Al-Birr and At-Taqwa (virtue, righteousness and piety)…”
(al-Maa’idah 5:2), and that the aim was to co-operate in alleviating the
overwhelming disasters that may befall people. But in fact what they called
co-operative insurance was just like any other kind of insurance; the only
difference was in the way
in which it was set up, not in its essential nature.It was far from being any
kind of simple donation or co-operation in righteousness and piety; in fact it
is a kind of co-operation in sin and transgression. It was not aimed at helping
to relieve the distress of calamities, but at depriving people of their wealth
by unjust means, which is absolutely haraam, as are other kinds of insurance.
Hence what they proposed to the ‘ulamaa’ is not even insurance at all.
With regard to the claim made by some, that part of the premium (money paid to
the insurer) is returned, this does not change anything and does not free
insurance from the taint of ribaa, gambling, transactions based on uncertainty,
unjust consumption of people’s wealth and going against the principle of
trusting in Allaah (tawakkul), and other kinds of haraam actions. Insurance is
deceit and confusion.
Anyone who wishes to learn more should refer to the essay al-Ta’meen wa
Ahkaamuhu (Insurance and its rulings). I call on every Muslim who has pride in
his religion and whose hopes are focused on Allaah and the Last Day to fear
Allaah and to avoid all kinds of insurance, no matter how attractive their
proponents make them, for they are undoubtedly forbidden. In this manner he
will protect his religion and his wealth, and he will be blessed with security
from the Owner of security, may He be exalted.
May Allaah help me and you to have insight into matters of religion and to do
that which is pleasing to the Lord of the Worlds.
AAMEEN !!!
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Assalamualaykum
http://groups.yahoo.com/group/Seekers-Of-Islam/
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