FatwaPerakTransactions & Finance
Apakah beza hukum Insurans Konvensional dan Insurans Takaful?
What is the difference in ruling between conventional insurance and takaful insurance?
Short answer
Conventional insurance is ruled haram because its transaction method is defective and contains elements of gharar (uncertainty), maisir (gambling) and riba (interest).
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Perak State Mufti Department
- Status
- Opinion (irsyad)
- Series
- Soal Jawab
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Conventional insurance is ruled haram because its transaction method is defective and contains elements of gharar (uncertainty), maisir (gambling) and riba (interest). Takaful insurance is ruled halal because it is based on the principle of tabarru' (donation), which accords with Islamic commercial dealings and is free from gharar and maisir.
Written in our own words from the original fatwa — check the source before acting on it.
Insurans Konvensional mengamalkan cara muamalah yang fasid atau rosak kerana mengandungi unsur gharar (tidak ketentuan), maisir (judi) dan riba (faedah). Oleh itu, ianya haram.
Read the full fatwa on the Perak website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Perak State Mufti Department. “Apakah beza hukum Insurans Konvensional dan Insurans Takaful?”, date not stated. https://mufti.perak.gov.my/component/content/article/soal-jawab?catid=2#discounts-2. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/conventional-insurance-versus-takaful-ruling/