Insurance

Commercial Insurance has been deemed unacceptable under IslamicSharia law by many scholars. This includes property insurance (house,car), life insurance, and health insurance.However, many scholars have allowed car and home insurance wheneverthere is no Islamically accepted alternative available, and more sowhen the local law requires one to be insured.Here are some Fatwas on the ruling on Insurance under Islamic Law:

Islamic Alternatives for Commercial Insurance.

  • Takaful USA Provides an Islamic alternative to commercial insurance for individuals, schools, mosques, and businesses.
  • Amana Takaful Provides Islamic Takaful Insurance in Sri Lanka.

 Some online Resources on Insurance and its status under Sharia. Many of those linksare based on a Summer 2000 posting on the IBF Mailing List by Javed Ellahie.

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