Insurance

Question ID: 20829
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Assalaamualaikum. My question is regarding the question relating to Question ID: 20762. I have heard from other Ulama that insurance is haraam due to it containing gambling and interest. According to your fatwa, it is permissible, yet makrooh. So is it permissible for one to take out insurance? What reason will we give for its permissibility to other Ulama?

Jazakallah

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Asked on July 30, 2016 4:21 pm
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Private answer

I regard it as permissible but makrooh due to inevitable contact with interest.
I do not intend entering into a debate using your shoulder.
If you want to act on their fatawa, then please do so.

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Answered on August 4, 2016 6:51 pm