Insurance is an agreement between insurance providing company and insurance buyer. Many scholars say insurance is kind of interest which paid.
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| Insurance In Islam |
What Is insurance?
Insurance is an agreement between insurance
providing company and insurance buyer. In which insurance company fix an amount
for a period in which customer paid this amount through monthly instalment. In
case of customer death, disease and any kind of disability before reaching to
fix period. Company is responsible to pay amount to affected person or family
as mention before taking insurance policy. But if this period completes before
any misshaping then insurance company returned amount to its customer with
handsome profit which is declare in agreement. There are many insurance
companies working in Pakistan like, state life, jubilee insurance & Efu
insurance company. They have their own plan and profit rate. They collect
amount from their customer and give loan to government, private companies on
interest after receiving interest from companies and government they give some
money to their customer and balance amount take self.
What Islam
Say About Insurance
Many scholars say insurance is kind of interest
which paid by company to their customer on complete of his fix tenure. They say
in Islam prohibited to take profit on loan amount. They say it is kind of loan
which paid by customer to company and company return it to customer with profit
that is Riba or interest. In some conditions Sharia give permission to take
insurance policy like if you are living in a country where is government Law to
give insurance to every person that is living in this country. Now you are
bound to buy insurance policy in this case you will take insurance policy this
is allowed. There is another condition when someone buy some vehicle like car,
van or bus then company is restricted from government policy to give you an
insurance plan with this vehicle. Now again you are bound take insurance plan
because without insurance company cannot give you any vehicle so in this
condition Shari again give you permission to take policy. There are some
references about Riba which is provided by Islamic Scholar.
1-Allah destroys interest and
gives increase for charities.
(Quran 2:276)
2-O you who have
believed, fear Allah and give up what remains [due to you] of interest, if you
should be believers. And if you do not, then be informed of a war [against you]
from Allah and His Messenger.
(Quran 2:278-9)
3-From Jabir: The Prophet, may peace be on him,
cursed the receiver and the payer of interest, the one who records it.
Conclusion
So in my and many other majority of scholar
insurance is haram in Islam. So before to take any insurance plan kindly ask to
any Mufti About Insurance is it allowed in Islam or not. Don’t let us ruin our
Hereafter for the little benefit and They angered Allah and his Messenger. So
be careful before chose your insurance plan
Disclaimer
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