Rulings on Islamic Insurance: 2 Key Shar’i Guidelines 
Question:
Is it permissible to work in the field of "Islamic Insurance"? Also, what is the Shar’i ruling on insurance in general?
Answer by:
Shaykh Abdul Wakeel Nasir (ḥafiẓahullāh)
Shar’i Perspective:
In the current era, most insurance schemes, regardless of their outward labels, are laden with prohibited elements, such as:
Deception (غرر) Gambling (قمار) Interest (ربا)Even when these schemes are marketed as "Islamic", they rarely conform to genuine Islamic financial principles.
Conclusion:
➤ Working in, promoting, or participating in these so-called "Islamic insurance" systems is not permissible from a Shar’i standpoint.
➤ The mere use of an Islamic label does not validate a system if it contradicts fundamental Islamic prohibitions.
Summary of Key Guidelines:
① Most modern insurance models involve deception, gambling, and interest, all of which are clearly prohibited in Islam.
② Using an Islamic name does not justify un-Islamic content. Hence, involvement in these schemes — whether as a participant or employee — should be avoided.
