Life insurance

Life insurance

Answered by Shaykh Sulayman Majid
Date 27/4/1429
Question

Sheikh:
What is the rule of life insurance; where I work I am a life insurance policy term of 15 years, including the past 8 years, and recommended for disbursement of the legal heirs in the event of death? Is this halaal or haraam? In case it is haraam, what Tnsahony especially after paying a large amount in eight years, and the document will be canceled if the lose a significant amount? Is it permissible to me that if I intend to stay alive, God willing, have the benefit paid only, and proceeded to face the rest of God, in acts of charity? I would also recommended أهلى to implement in the event of my death. Thank you.


Answer

Thank God alone, prayer and peace be upon the Prophet and after.
Life insurance is intended to: ensure that the amount of compensation a lump sum, or to ensure the salary of the heirs in the event of death; and according to the contract between the insured and the insurance company; If this insurance business, which includes the premium paid on the go, even if the insured is left of them after the payment of compensation Gold has a more contemporary scientists that commercial insurance is prohibited; as it includes the interest Gharar and ignorance.
The reported loss was the meaning you lose the proceeds of the commercial insurance company that you do not pay that allows you to remain in this decade. Mqsodk loss if the loss of premiums paid, and you can not Astnqazh of the company but continue to orbit this decade to continue to receive all payments made, and you should then terminate the contract.
The insurance was a cooperative there is nothing wrong with it. The first is that the insurance is not life; to this illusion that the object of God; but the so-called income security or insurance compensation, and so on. And Allaah knows best.
May Allah bless our Prophet Muhammad and his family and companions.