Working in insurance and actuary and insurance agents : working as actuarial and insurance agent
Fatawa Question
Assalam O Alaikum I hope InShAllah you are doing well. I wanted to ask you a few questions regarding working in insurance companies. I live in Canada and attend the University of Waterloo. A number of Muslims want to be actuaries. However, I am not sure if they should pursue this profession. I have read the opinions regarding indulging in insurance and what I do not understand is how it can be Halaal ? In other words, can you explain to me how insurance can be Halaal ? I was wondering if you are able to explain how insurance can be Halaal if it does not have any Riba-based term (s) in the contract when the concept of insurance surely sounds like Riba to me. Walaikum Salam and Jazakallah Khayran
Fatwa
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Publication Date
2007-10-02
Main Subjects
Economics & Business Administration
Islamic Studies
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-785422
American Psychological Association (APA)
Qahf, Mundhir. 2007-10-02. Working in insurance and actuary and insurance agents : working as actuarial and insurance agent. .
https://search.emarefa.net/detail/BIM-785422
Modern Language Association (MLA)
Qahf, Mundhir. Working in insurance and actuary and insurance agents : working as actuarial and insurance agent. 2007-10-02.
https://search.emarefa.net/detail/BIM-785422
American Medical Association (AMA)
Qahf, Mundhir. 2007-10-02. Working in insurance and actuary and insurance agents : working as actuarial and insurance agent.
https://search.emarefa.net/detail/BIM-785422
