Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is life insurance acceptable in Islam?

April 26, 2017acceptable islam Life Insurance

0

Posted

Is life insurance acceptable in Islam?

1 Answer

0

Posted

Life Insurance is very much acceptable in Islam. As per Fatwas from several Ulemas, insurance is a widely accepted product in Saudi Arabia, Egypt, Malaysia, Indonesia and many other Islamic countries. Moreover, East West Life offers many products that focus on only risk coverage aspect of life insurance, which does not even enter into the debate regarding Islamic acceptability of this product.