What is the legal ruling regarding life insurance policies from which the beneficiary receives monthly installments and, at the end of the term, recovers the total of the installments along with unspecified pre-determined profits?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Life insurance contracts are not permissible in Islamic law. It is a type of forbidden commercial insurance. The contract must be rescinded, with each party taking what they paid, along with repentance for entering into this forbidden contract. The lack of a specified interest rate is irrelevant, as the contract itself is fundamentally void.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/48927
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 48927
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy