Is life insurance forbidden, and what is the reason for its prohibition? Is it considered a form of social solidarity, knowing that canceling it would result in the loss of a large portion of the money paid?

We have previously clarified that commercial insurance of all types, such as life or property insurance, is impermissible due to its inclusion of gharar (uncertainty), jahalah (ignorance), and gambling. It is not considered a form of social solidarity (takaful ijtima'i) because its primary aim is material profit. This is unlike cooperative insurance, where these prohibitions are absent, and which falls under the category of legitimate solidarity (takaful mashru'), as profit is not intended, but rather consolation and assistance.