Taking out an insurance policy

Q: I am a mother of a 1 year old child. I want to do "educational insurance policy" for my son. Is subject policy allowed in Islam?

A: All insurance policies have the elements of gambling and interest, and therefore forbidden.

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


Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)