FatwaPenangTransactions & Finance
PERSOALAN MENGENAI DENGAN INSURAN HAYAT (INSURAN NYAWA)
What is the Islamic ruling on life insurance?
Short answer
The Penang Syariah Committee decided that life insurance is permissible only when it rests on a specific contract approved by syarak.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Penang State Mufti Department
- Date
- Status
- Fatwa committee decision
- Series
- Keputusan Fatwa Negeri Pulau Pinang (e-Fatwa)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Penang Syariah Committee decided that life insurance is permissible only when it rests on a specific contract approved by syarak. That contract is based on the concept of others helping a family struck by death or accident. Any other form of life insurance is rejected by syarak.
Written in our own words from the original fatwa — check the source before acting on it.
INSURAN HAYAT INI HANYA HARUS APABILA ADA AKAD YANG TERTENTU YANG DILULUSKAN OLEH SYARAK IAITU ATAS KONSEP ORANG LAIN HENDAK MEMBANTU KELUARGA YANG DI TIMPA KEMATIAN ATAU KEMALANGAN .
Read the full fatwa on the Penang website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Penang State Mufti Department. “PERSOALAN MENGENAI DENGAN INSURAN HAYAT (INSURAN NYAWA)”, 21 March 1994. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=1239. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-life-insurance-in-islam/