Most scholars and fiqh councils hold that conventional commercial insurance is not permitted, because it combines uncertainty (gharar) with elements of riba and gambling. They allow cooperative insurance (takaful), where members donate to a shared fund to help each other (5:2). A few scholars permit commercial insurance. Where the law makes it compulsory, such as car insurance, scholars treat it as a case of need.
Wadanda suke cin ribã ba su tashi, fãce kamar yadda wanda da Shaiɗan yake ɗimautarwa daga shafa yake tashi. Wancan, dõmin lalle ne sun ce: "Ciniki kamar riba yake."Kuma Allah Ya halatta ciniki kuma Ya haramta riba. To, wanda wa'azi daga Ubangijinsa, ya je masa, sa'an nan ya hanu, to yana da abin da ya shige, kuma al'amarinsa (ana wakkala shi) zuwa ga Allah. Kuma wanda ya kõma, to, waɗannan sũ ne abõkan Wuta, sũ a cikinta madawwama ne.
Ya kũ waɗanda suka yi ĩmãni! kada ku halattar da ayyukan ibãdar Allah game da hajji, kuma da watã mai alfarma, kuma da hadaya, kuma da rãtayar raƙuman hadaya, kuma da mãsu nufin ¦ãki mai alfarma, sunã neman falala daga Ubangijinsu da yarda. Kuma idan kun kwance harama, to, ku yi farauta. Kuma kada ƙiyayya da wasu mutãne ta ɗauke ku, dõmin sun kange ku daga Masallãci Mai alfarma, ga ku yi zãlunci. Kuma ku taimaki junã a kan aikin ƙwarai da taƙawa. Kuma kada ku taimaki juna a kan zunubi da zãlunci, kuma ku bi Allah da taƙawa. Lalle ne Allah Mai tsananin uƙũba ne.
This is general information, not a fatwa. For your own situation, ask a qualified scholar.
Questions about halal and haram
Is commercial insurance permitted?
Most scholars and fiqh councils hold that conventional commercial insurance is not permitted, because it combines uncertainty (gharar) with elements of riba and gambling. They allow cooperative insurance (takaful), where members donate to a shared fund to help each other (5:2). A few scholars permit commercial insurance. Where the law makes it compulsory, such as car insurance, scholars treat it as a case of need.
