Published 1 week ago
Last updated 1 week ago
Q: Please could you advise me on this matter:
I have a friend who wants to study actuarial sciences and I have heard that it is impermissible to go into this field.
Could Moulana explain whether it is impermissible or not and why? How should I advise my friend?
A: This science relates to insurance and insurance is haraam in Islam as it contains the elements of gambling and riba (interest) in it. Hence, it is not permissible for a Muslim to study this.
And Allah Ta'ala (الله تعالى) knows best.
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