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Please guide me , if I can buy Life Insurance Policy and other related matters to save for future.

Mu' meneen Brothers and Sisters,

As Salaam Aleikum wa Rahmatullahi wa Barakatuh.  (May Allah's Peace, Mercy and Blessings be upon all of you)


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Assalam Alikum

Dear Brother
Please guide me , if I can buy Life Insurance Policy and other related matters to save for future.

Allah Hafiz


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Life insurance

In the name of Allah, We praise Him, seek His help and ask for His forgiveness. Whoever Allah guides none can misguide, and whoever He allows to fall astray, none can guide them aright. We bear witness that there is no one (no idol, no person, no grave, no prophet, no imam, no dai, nobody!) worthy of worship but Allah Alone, and we bear witness that Muhammad (saws) is His slave-servant and the seal of His Messengers.


Your Question: Please guide me , if I can buy Life Insurance Policy

It is not the concept of insurance per se which is illegal in Islam, but rather what is haraam and forbidden in Islam is the interest-based aspect which is utilized by the conventional insurance companies during their transactions when conducting the insurance business.


Almost all the conventional insurance companies transact their business based on interest, and it is this interest aspect which is deemed absolutely haraam in Islam. But Alhamdolillah, today there are several Islamic Insurance Institutions which provide insurance cover on various aspects based on Shariah principles, and there is absolutely no harm in seeking insurance from such interest-free institutions.


The absolute majority of the scholars are of the opinion that life-insurance is impermissible in Islam because unlike other calamities and eventualities which may or may not effect man, death is one thing that is Decreed for every son of Adam by their Lord and Creator, Allah Subhanah.


Your Question: and other related matters to save for future .
There is absolutely no harm or restriction in Islam if one wishes to save for the future, provided the instruments used for saving do not involve any products which are declared haraam or forbidden by Allah and His Messenger (saws).


Whatever written of Truth and benefit is only due to Allahs Assistance and Guidance, and whatever of error is of me. Allah Alone Knows Best and He is the Only Source of Strength.


Your Brother in Islam,





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