Insurance

One of the dilemmas of the current moment is on insurance. Many people drive a car, which they insure. I was wandering if house, life or any other insurance is forbidden? Bearing in mind that the law could excuse you due to religious reasons, for not having insurance.

If the law could excuse you from taking out insurance, then it is better not having insurance. The reason behind insurance is that they deal with interest; which is forbidden.

(Subulas Salaam- volume 9, edition 10 – pages 19 & 20)