FatwaNationalTransactions & Finance
Hukum Mempromosikan Produk Insurans Konvensional Menurut Perspektif Syariah
What is the ruling on a Muslim promoting conventional insurance products?
Short answer
Muslims are prohibited from promoting conventional insurance products, because these 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
- National Fatwa Committee (JAKIM)
- Date
- Status
- Fatwa committee decision
- Series
- Kompilasi Pandangan Hukum Muzakarah Jawatankuasa Fatwa MKI (JAKIM, terbitan 2016)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Muslims are prohibited from promoting conventional insurance products, because these are clearly based on a riba system. The Muzakarah noted that the Shariah-based takaful system is growing rapidly and needs the support of Muslims. Income or commission received during the transition from the conventional system to takaful is pardoned.
Written in our own words from the original fatwa — check the source before acting on it.
Muzakarah memutuskan bahawa orang Islam adalah dilarang mempromosikan produk insurans konvensional yang jelas berasaskan sistem riba.
Read the full fatwa on the National website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
National Fatwa Committee (JAKIM). “Hukum Mempromosikan Produk Insurans Konvensional Menurut Perspektif Syariah”, 16 December 2009. https://www.islam.gov.my/images/ePenerbitan/KOMPILASI_MUZAKARAH_MKI_2016.pdf#hukum-mempromosikan-produk-insurans-konvensional-menurut-perspektif-syariah. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-promoting-conventional-insurance-products/