Studying actuarial sciences

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.

 

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)