FatwaSelangorTransactions & Finance
Hukum Mempromosikan Produk Insurans Konvensional Menurut Perspektif Syariah
What is the ruling on a Muslim promoting conventional insurance products?
Short answer
The Selangor Fatwa Committee ruled that Muslims are prohibited from promoting conventional insurance products because they are clearly based on a riba system.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Selangor State Mufti Department
- Status
- Fatwa committee decision
- Series
- Keputusan Fatwa Tidak Diwartakan
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Selangor Fatwa Committee ruled that Muslims are prohibited from promoting conventional insurance products because they are clearly based on a riba system. Income or commission received during the transition from the conventional system to takaful is pardoned. The ruling relies on Surah al-Maidah verse 2 and a hadith narrated by Muslim on the curse upon all parties involved in riba.
Written in our own words from the original fatwa — check the source before acting on it.
Orang Islam adalah dilarang mempromosikan produk insurans konvensional yang jelas berasakan sistem riba.
Read the full fatwa on the Selangor website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Selangor State Mufti Department. “Hukum Mempromosikan Produk Insurans Konvensional Menurut Perspektif Syariah”, date not stated. https://www.muftiselangor.gov.my/2023/10/26/hukum-mempromosikan-produk-insurans-konvensional-menurut-perspektif-syariah/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-promoting-conventional-insurance-products/