Is Conventional Insurance Haram_ Understanding Riba and Islamic Alternatives

Islamic Pulse

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Transcript

00:00Coming to your second question, that you're involved in some of the transactions, which involves a dribba, there's insurance.

00:09There are two types of insurance. One is the general insurance which is there, and the other is the Islamic insurance called as taqafal.

00:17So if you involve and get, if you put something in taqafal, or Islamic insurance which takes care of you,

00:25but if you go to the conventional insurance, it deals with dribba, and they will have a different line,

00:33and that's not acceptable in Islam, because dribba is a major sin.

00:37But, so what you have to do is that if we're dealing with conventional insurance, we deal with dribba,

00:45you should leave it and see to it that don't do it again.

00:48But if it is somewhat like the thing that it is based on Islamic sharia,

00:55if it's taqafal, then there's no problem and it's permitted.

00:58Hope that answers the question.

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