Selling insurance policies

Submitted by admin on Wed, 2016-11-30 16:47

Q: I would like to know if I get a job as a financial advisor which involves the selling of life cover, non-shariah compliant investments, etc. Would the money earned from this occupation be halaal or haraam?

A: Insurance is haraam as it contains the elements of gambling and interest in it. Working for such a company is impermissible as one will be involved in haraam. Hence, the income earned through such an occupation is haraam.

And Allah Ta'ala (الله تعالى) knows best.

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Ijaarah›Permissible and Impermissible employment›Working for insurance companies

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