Is Insurance Halal or Ḥaram? A Detailed Analysis | Ask Shaykh YQ #35

[@sagaloo5382]

38:15 if you want the short answer.

[@umarahmed6853]

thanks

[@mainulhusainkhan1333]

exactly what I was looking for Bro, thanks

[@oceanflyer7078]

Alhamdulillah, this is a very good lecture. I always pray to Allah, may Allah bless Dr Qadhi and his family, and may Allah bestow health and long life to him, and may Allah clean his faults and multiply his good deeds. Btw, many times in this lecture Syaikh Qadhi said 'interest' but he meant 'insurance'. Sometimes words came out differently even though you try so hard to avoid it. It happens to me on one day in a group meeting, I said 'up' but I meant 'down', or in any similar concepts. What I said was a complete opposite to what I had in mind. I did that many times, and everyone had a good laugh.

[@Hurricane0499]

مذھبی پیشوائت اللہ کے طرف جانے والے راستے میں بڑے بڑے پھتر نیچے لنک پر انگلی سے آھستہ سے دبایں اور سنیں kzbin.info/www/bejne/nmWmepiqmqZ2o5Y

[@anjumara963]

Assalamulikum may Allah swt protect us from HARAM earnings n INTEREST (RIBA). Ameen

[@parvezshahidi4783]

Ameen. Our struggle is against Riba based monitory system. Allah subhanahu wa ta`ala will give us, no doubt.

[@Hurricane0499]

مذھبی پیشوائت اللہ کے طرف جانے والے راستے میں بڑے بڑے پھتر نیچے لنک پر انگلی سے آھستہ سے دبایں اور سنیں kzbin.info/www/bejne/nmWmepiqmqZ2o5Y

[@SakibKhan-em5py]

Aameen ya rabilameen 🤲

[@DanishKhan-sh5tl]

Aameen

[@Fuzzawakka]

@@parvezshahidi4783 yes hopefully the enlighted west will one day be backwards like muslim countries and have interest free money.

[@LordLF111]

I live in India, we had not taken health insurance and after covid we faced big calamity and my mother was hospitalized, our savings got over and we had to ask other people, relatives for funds and no body helped except one person who gave barely a little amount which was only helpful to do some health tests, that time we learnt how important is health insurance so that during serious sickness we have a backup of a company which helps us pay the hospital bills. So I purchased insurance and feel safe now. I know as per Islam it is haram, but I also know nobody helped pay the hospital bills during a disaster. In India Muslim community is disconnected, everyone is selfish or poor, everyone says we cannot help. I know in my heart that I love Allah and I fear his wrath, but I also have to help family during calamity. Only Allah knows

[@king_hhh]

Everyone will say this is haraam that is haraam but no one will help you. That's the reality. You see Saudi is doing Hajj business but you know you have no right over their profits.

[@alig089]

Dear Brother, Allah (swt) says in Quran that- we will surely test you something by "fear,and Hungar and loss of wealth and life and fruits" Surah Baqarah ( 2:155). If something is haram then we must try our best to be saved from that regardless the suffering we have to bear. As per Insurence is concerned I am also very confused and trying to understand it 🙂 May Allah swt grant us guidance And make it easy to be steadfast to Islam ❤️

[@aarifhussain3696]

@@alig089 bro whenever the idea of insuraning comes to my mind, this verse (2:155) immediately props up in my mind.

[@harisadu8998]

Saudi forces you to buy insurance if you want to visit their country. Remember that.

[@availablehandle994]

Yes brother this a serious issue with us Indian muslims . I have now health insurance i want to discontinue it but I don't have enough savings . Really perplexed

[@aarifhussain3696]

I can sense my inner self realising that one is not going to know what is halal and what is haram ( in today's world) on social platforms unless we believe in Allah, pray Him, read Quran etc. As Allah orders us to pray to keep us on siraat-u-mustiqeem. Quran 1:5

[@guy5140]

Of course you won’t learn much from reading comments on KZbin or Instagram. You’re right that we should focus on Quran and Salah but let’s not forget this is a high level Muslim scholar

[@MohammadAli-fx9vy]

Alhamdulillah, very clear and easy to understand. Thank you sir.

[@eoconner8429]

Good explanation. Good teacher. Really knowledgeable guy. May Allah swt. bless him.

[@ilildragon]

Alhamdulillah, Allah SWT guided me towards Islam, and I am striving in finding a way to share this knowledge with the Muslim Ummah. And alhamdulillah I am most grateful to Allah SWT for guiding me towards this knowledge. The answer to the question of insurance, also known as LIMITED LIABILITY, can be found in the Qur'an in 5 different places, 6:164, 17:15, 35:18, 39:7 and 53:38. One has to approach these ayat from a LEGAL, and not from a theological perspective, since we are dealing with Fiqh. Allah SWT calls upon us to practice STRICT LIABILITY ( also known as unlimited liability). Limited liability is the transfer of responsibility from one entity unto another. And Allah SWT says, one must practice UNLIMITED liability, i.e., I am to hold myself responsible for my own actions. So, when one practices the use of insurance, we are in essence saying, I don't want to be held responsible for my own actions and instead want someone else to be held responsible for it. And Allahu Allam. Fatir 35:18 وَلَا تَزِرُ وَازِرَةٌ وِزْرَ أُخْرَىٰۚ وَإِن تَدْعُ مُثْقَلَةٌ إِلَىٰ حِمْلِهَا لَا يُحْمَلْ مِنْهُ شَىْءٌ وَلَوْ كَانَ ذَا قُرْبَىٰٓۗ إِنَّمَا تُنذِرُ ٱلَّذِينَ يَخْشَوْنَ رَبَّهُم بِٱلْغَيْبِ وَأَقَامُوا۟ ٱلصَّلَوٰةَۚ وَمَن تَزَكَّىٰ فَإِنَّمَا يَتَزَكَّىٰ لِنَفْسِهِۦۚ وَإِلَى ٱللَّهِ ٱلْمَصِيرُ English - Yusuf Ali Nor can a bearer of burdens bear another's burdens if one heavily laden should call another to (bear) his load. Not the least portion of it can be carried (by the other). Even though he be nearly related. Thou canst but admonish such as fear their Lord unseen and establish regular Prayer. And whoever purifies himself does so for the benefit of his own soul; and the destination (of all) is to Allah. Al-An'am 6:164 قُلْ أَغَيْرَ ٱللَّهِ أَبْغِى رَبًّا وَهُوَ رَبُّ كُلِّ شَىْءٍۚ وَلَا تَكْسِبُ كُلُّ نَفْسٍ إِلَّا عَلَيْهَاۚ وَلَا تَزِرُ وَازِرَةٌ وِزْرَ أُخْرَىٰۚ ثُمَّ إِلَىٰ رَبِّكُم مَّرْجِعُكُمْ فَيُنَبِّئُكُم بِمَا كُنتُمْ فِيهِ تَخْتَلِفُونَ English - Yusuf Ali Say: "Shall I seek for (my) Cherisher other than Allah, when He is the Cherisher of all things (that exist)? Every soul draws the meed of its acts on none but itself: no bearer of burdens can bear the burden of another. Your goal in the end is towards Allah: He will tell you the truth of the things wherein ye disputed." Inshallah you will find this explanation beneficial.

[@sonyax561]

Shukran, for the KNOWLEDGE !!!

[@RafiqulIslam-yi9qp]

In the car insurance, there are two basic types. One contains a feature by which the cost of the repair or replacement of the car owned or driven by the driver at fault, is paid. In others, a second feature which pays for the damage of the third party property. I assume that for the first feature, it is not halal because if I can afford a replacement car in worst case which can be a low cost car that allows me to still move. Whereas I took the 2nd type, to ensure that if I damage a million dollar car or a multi millions dollar mansion, I would not be able to afford it. What's your thought on this?

[@afzalozil9734]

Assalam Alaykum guys, I think sheikh had a slip of a tongue with interest and Insurance. Please review the first 13 mins and see if you find the same. Need clarification.

[@recitationtohear]

kzbin.info/www/bejne/p6O0n3mwjtiIfLM

[@Hurricane0499]

مذھبی پیشوائت اللہ کے طرف جانے والے راستے میں بڑے بڑے پھتر نیچے لنک پر انگلی سے آھستہ سے دبایں اور سنیں kzbin.info/www/bejne/nmWmepiqmqZ2o5Y

[@mohannedmalik5150]

Yeah that's slip of tongue, he meant insurance when he says interest.

[@muhammadibrahimshaikh1651]

Wa Alaikum As Salaam Wa rahmatullahi wa barakatuhu

[@ukhtfirdaws1596]

So basically insurance is not allowed is 1. Qarar ...Meaning you dont know when you will be getting the premiums you were paying. 2.Interest... For instance if you are going to be compensated . You are going to get more money than the amount of the premium you payed. Glad i helped by pointing out the points that were confusing to some.

[@asharhashir717]

Sister, It's Gharar (uncertainty).

[@roberthannah7983]

@@asharhashir717 Insurance is the opposite, it is the reduction of gharar.

[@tanzirrafeh3782]

@@roberthannah7983 how so?

[@roberthannah7983]

@@tanzirrafeh3782 Gambling is done by people who like the thrill of risk (even though rationally they know they will lose money on average as in horse betting, casino or lotteries). Insurance is the opposite - it is purchased by people who dont like risk (gharar), they want to avoid the financial risk of accident, fire, theft, etc. Insurance is the reduction of gharar, that is a good thing.

[@lindawilkins9296]

There are so many spouses that kill the other to try to get the life insurances. SO MANY TRUE STORIES CONCERNING THIS!

[@mohammedashraf4500]

Assalamu alaikkum. Jazakallah sheik for covering this Insurance topic. But you missed something important i guess. That is regarding the insurance claim for your vehicle. in most of the countries its mandatory to insure their vehicles. what happens when there is a claim ? i understand paying premium is compulsory but not claims. is it prohibited to claim insurance even if it is more than the premium paid or you can just claim the premium you paid.

[@roberthannah7983]

Some people choose to pay the repair themselves because if they make too many claims thier insurance rate will go up.

[@uzzy_787]

Take as much as u gave if they give u more donate it

[@nadeemshaikh7077]

I guess you didnt hear him. He did spoke in that regard. Basically he said there are mandatory laws in countries to have vehicle insurance which is halal.

[@kiskadeemedia923]

It's amazing that this scholar keeps saying 'Interest' instead of 'insurance' and no one in the audience is correcting him.

[@asiyasharif3063]

Someone said he means insurance but it keeps coming out as interest. I hope you still understand the point tho

[@roberthannah7983]

Yes, I listened intently and got confused for a while, but then his points were clear. I do not agree with him.

[@zohrakhalid3825]

In America one can’t buy house car etc if you don’t buy insurance with it

[@uzzy_787]

This is halal because its out of necessity

[@martinr4549]

Alhamdulilah this was a great analysis

[@MPam1619]

I think he's saying "interest" where he intends to say insurance. I'm confused. Also, I don't really understand how Garrar (or unknown) relates to the purchase of health or dental insurance. When I buy a health plan I'm able to have my teeth maintained or see the doctor when i want. I don't see the uncertainty in that. So how do we live our lives in America? Liability and risk intersect everything. My mother is in long term care for having suffered a stroke. Medicare is preparing to end her coverage. My family can't afford to pay $9,000 a month for her ongoing care. So what are we supposed to do? Oh, so there is fiqh and then there is real life and there are exceptions for every rule. Thanks. Glad i listened to entire halaqah.

[@safiakadir7695]

I pay about $2000 a year as premiums for Medicare health insurance. This insurance allows me to afford medical care. Next I have no choice but to get car insurance for my two cars, Maryland law requires me to have car insurance. I have been in 4/5 car accidents over 38 years that I have been driving. In my car accident, I was harmed because 1. person ran a stop sign, 2 a person had defective brakes and could not brake and therefore hit me from back 3 a person hit me from behind as she had taken cough medicine which made her drowsy and she was driving erratically. Other times I had accidents due to icy road conditions. I had to go to work even the road conditions were bad. In areas where I lived, roads conditions are poor every single year in winter. I have no desire not to have health insurance as I use the benefits per year in the amount of $10;000 or more. And most of medical care is preventive . I have no desire to violate the law of the land and drive car without car insurance. I buy home owners insurance indeed for risk management. Unlike car insurance and health insurance, I have used the benefit only once. But my brother, a huge tree fell on his house so he had the home insurance that paid $50,000 to repair the roof. Indeed insurance companies are very rich cooperations.

[@roberthannah7983]

So you have explained that insurance is a useful and beneficial product.

[@nikitapali5533]

It's haram primarily because it's outcome is uncertain! And the major difference is price of the insurance premium that is paid by the insured and the money that is given on account of happening of an uncertain event by the insurer.

[@roberthannah7983]

You are quite wrong, the purpose of insurance is to reduce risk, to make outcomes more certain! If my house burns down I dont lose everything, I can rebuild with the insurance money.

[@king_hhh]

Everything is uncertain. If you take admission in a medical College giving huge money as admission fees you have no guarantee that you'll pass finally or you'll not die till the degree.

[@hurry2reason899]

Sheikh keeps mixing up the terms Insurance with Interest!

[@Life-bt9yo]

Yup. And the first comment misunderstood you..

[@imam-_-]

@@Life-bt9yo yes😂 sarcasm🙈

[@OnePunchSaga]

@SaeedAhmad use bitcoin

[@cima5878]

@ortomy Exactly! But they said Stocks are halal...Does he not know that corporations definitely deal with riba and why isn't that considered gambling, by their qiyas? The problem with qiyas, I notice ppl pick and choose when to apply it.

[@cima5878]

@ortomy Could definitely be some truth to that!

[@Samrajel]

It will be a weird question all of sudden but, would long term paid services be gharar(i don't know how its written sorry)? In case that you buy subscription to a magazine/newspaper or game subscription for example. Because you might not know what will that news paper will write in few months etc.

[@roberthannah7983]

No - that is like saying life itself is gharar.

[@imanamatullah2378]

Wow, such a comprehensive answer, ma shah Allah! Jazak Allah khairan, Shaykh!

[@yaaseenhaque1471]

Assalamu alaikum admin. Please could you put sticky notes over the video for the times Shaykh accidentally says interest when intending to say insurance. E.g. during the first 15 mins. Jzk

[@neom-city]

Why don't u consider Gambling as a strong point against insurance ? Just because the same element has been seen in stock trading because even stock trading would be haram accordingly then. Please tell how insurance doesn't get into Gambling. First two points have been explained pretty well . Ma sha Allah.

[@roberthannah7983]

Insurance is the opposite of gambling. Gamblers like to take risk of gaining or losing money. Insurance reduces or eliminates the risk of loss when you crash your car or your house burns down.

[@cima5878]

@@roberthannah7983 So why isn't the stock market gambling then?

[@roberthannah7983]

Insurance is a product sold by insurance companies. Stocks represent the equity ownership in private businesses. I dont understand the connection you are trying to make. Serious stock market investors do not gamble, they research the earnings and the business prospects of the companies and try to buy stocks in the best companies. Stocks are risky investments, but in the long run with a diversified portfolio they will earn a decent return. However of course there are some people who do not know much about the companies, they are just attracted by prices going up and down and make bets like gambling. Gambling is more about the mentality of the person than the market they are in.

[@cima5878]

@@roberthannah7983 Ppl lose and have lost a lot of money in stocks...Going by the qiyas that these scholars make it is a form of gambling. I guess they choose to apply their analogy when they want too...Abd definitely all of those companies are involved with banks and 4iva of some sort...They make one harqm and not the other is what I'm amazed about. Also even when researching companies, we know sometime they play games to manipulate the numbers abd make their companies seem to be more prosperous than they are etc, their is a darkness in stocks like many other things.

[@roberthannah7983]

@@cima5878 On losing money in stocks - investors as a whole gain more then they lose. See the finance classic by Ibbotson and Sinquefield giving long run total returns by asset class - "Bonds , Bills, Stocks and Inflation", as well as the rationale behind the Nobel prize in economics and finance won by William Sharpe, Merton, and Markowitz on portfolio construction. Company data - yes the play tricks, thats why we study to be chartered financial analysts and why we have independent auditors so they cant fool people so much. What relevant qiyas could scholars make about the stock market - given that stock markets did not exist at the time of the prophet and the science of risk management was unknown? If you find one let me know. It would be better for scholars to stick to issuing fatwas on ethics where the world surely needs direction, rather than venturing into technicalities of finance.

[@C3H80]

Alhamdulillah for this clear yet detailed lecture by Dr Yasir. But it leaves me with the question, which I guess should linger on the minds of most average muslims, and by average I mean not in the sense of iman, but rather in livelihoods and lifestyles, what then is Islam's answer to the modern day problem of exorbitantly-priced medical care? Yes, I understand it is always an uncertainty, we hope insyallah, that Allah keeps us in the best of health. But suppose a muslim who is now afflicted by a disease or an accident, and as a result now has racked up a hospital bill amounting to 6 digit figures, comes up to a scholar and asks for help or for a solution, what is he to hear in reply? Very few of us live in lands where cooperatives such as takaful exists.

[@roberthannah7983]

Well of course medical insurance is a good thing, it reduces gharar, these scholars are silly to equate insurance to gambling.

[@nadeemshaikh7077]

He said Health insurance is allowed in certain instances. Not the Life insurance

[@ilildragon]

@@roberthannah7983 May I ask you a question, so lets suppose I pay 6 months worth of car insurance because i am betting that I will get into an accident within that 6 month time span, for if I didn't, I wouldn't pay for insurance. Yet, it behooves me not to get into an accident and I take all necessary precautions to avoid an accident. And all 6 months go by and I don't get into an accident. I go and pay another 6 months of insurance betting once again, against myself, that I am going to get into an accident. And once again I avoid getting into any accidents. And this can go on and on and on because I don't want to get injured in an accident, I don't want my insurance rates to go up, I don't want to have car repair expenses, or the expense of a new vehicle. Thus, every 6 months you bet or gamble against yourself believing or thinking that you are going to get into an accident, and yet, you do the best you can to avoid an accident, this is insanity. So do you still believe this is not gambling?

[@roberthannah7983]

@@ilildragon No it is not gambling. Perhaps you have not driven much or know much about cars. No one bets that they will get into an accident or bets that they wont. I have a brother in law who is a paramedic (ambulance) and you would not want to see what he has seen and cared for in car accidents. Even if you are the best driver you are human, you can make a mistake in driving, your car may blow a tire and you crash, your car may get stolen, someone else may hit you. This is gharar (uncertainty in life), and insurance reduces the financial cost of this, and so insurance is a good thing. In risk analysis, gambling is the opposite of insurance. Gamblers enjoy the thrill of risk, even though they know rationally they will lose money like in lotteries or casinos. It can become an addiction, which is probably why the prophet prohibited maysir. People who buy insurance are the opposite, they dislike risk. The reduction in gharar is a good thing and worth paying for. So as I say it is wrong to equate insurance with gambling. Islamic scholars make the mistake of analyzing the insurance contract in isolation - which they do in the application of fiqh - analysis of contracts - and find that the payoff is uncertain, which it is. This is a mistake. They should analyze the risk position of the individual who is buying the insurance, and will find that his risk position (gharar) is reduced. The insurance offsets the risk of the peril (accident, fire, medical, etc. ).

[@ilildragon]

@Robert Hannah there are five human motivators to get you to do things; they are vanity, lust, jealousy, greed, and fear. The gambling you are referencing is motivated by GREED. The gambling I am referencing is motivated by FEAR. But you are probably right, I haven't driven much and I don't know anything about cars. So just continue practicing limited liability and continue making your payments with your promissory notes and negotiable instruments.

[@ahnafmuhammadtowsif9139]

Where can I get the recitation with which the video starts

[@naldabishi123]

Ahnaf Muhammad Towsif I’m also seeking the tittle.

[@naila..]

Reciter is Hazza Al Balushi. Surat Nahl.

[@neom-city]

In reference to last 10 mins, Dharurah needs alot more explanation or else it seems as a clear cut deviation without reasoning.

[@user-hv2qi2xb9v]

Who is that reciter at the beginning reading surat al nahl?

[@ShuaibTimimi]

Hazza Balushi is the reciter if am not wrong.

[@HH-qm2qr]

TO follow up on that question I'm paying for a potential service and not possibility of getting money back. Would that not take it out of the realm of interest?

[@timelapse3828]

Medical insurance? Without medical insurance, you can't afford medical cost here in America.

[@aneesgarder7834]

Aslm Sheikh, I don't have hard earned savings in my bank account but have sufficient credit funds on my card to use for Umrah...is it permissible to use credit card to pay for Umrah (accommodation & flight ticket)? I have a good credit score with my bank and always pay on time and in most times pay more what is required. Shukran

[@asiyasharif3063]

Submit your question on websites like sheikh assim website or islamqa

[@alhajidiallo1914]

I am not a sheikh or ustadh but I do think that you should pay for Hajj and Umrah from your halal money (savings or checking account) not on a credit card with possible interest.

[@MoosaIslamic]

Out of curiosity, Is Takafur Ijtima'i different from the idea of a Welfare State that modern societies have? They are essentially both pools of money, distributed in cases of need, for the unemployed, disabled, etc.

[@lunarsky6551]

I guess it's because its out of choice and not law that makes it different, its not by the government; and also if you can choose which group/company/organization to be apart of then its different. You have control, freedom and its not forced upon you. All that being said I truly believe its high time the Muslim community puts this Takaful Ijtima'i into real business practice and makes it available to the community. We must make this a reality, a great halal option for all insha'allah. I hope the imams and financiers/entrepreneurs in Islam can make this happen. Then insha'Allah we can lobby to have this as an option for the countries that make it a law to have car/rent insurance.

[@h.a4989]

@@lunarsky6551 takaful ijtima isnt unanimously approved as it too has elements f gharar, but of course its less criticized than teh commercial form. All in all, operational problems exist in co-ops as well

[@rasheedvt]

What about if the insurance companies use premium amounts to create interest income? Isn’t it haram?

[@GoodSamaritan1972]

So does this finally mean...Health Insurance is ok...if the cost of Private Medical Care in our country is getting more expensive?

[@Sar30]

Have takaful in South Africa

[@yasirkhalid01]

How do you recommend I start studying Islamic finance?

[@Revival321]

Amir Colan has good KZbin channel... Check out... Read book by Mufti Taqi Usmani on 'Introduction to Islamic Finance ' and Riba by Maulana Maududi... On Islamic economics I would recommend 'Iqtisaduna'...

[@hamzaayan3187]

Insurance is halal or haram

[@drambuie21212]

Insurance industry is completely corrupt. You pay if you claim, you pay if you don't.

[@roberthannah7983]

But if you lose your house in a fire or car stolen, you get it back.

[@ummjumana]

I just can't understand why the sheikh is telling, that there is no takaful insurance in the modern world? There are plenty companies in the Muslim countries, that are trying to implement it. But even if those companies are just trying and it may be not very clear, what exactly they are doing- there are a whole lot of countries, that has a functioning social health insurance sistem, that works in the way of: Everybody is paying into the same pot and the government uses this money to finance the health sistem or the social security sistem or the retirements. All post soviet countries inherited this sistem from the Soviet union and many other countries of the EU have such sistems or something similar.

[@rowensage]

Actually the concept of a community putting money in a pot and if someone needs they can take it does exist in the Mennonite community

[@roberthannah7983]

That is mutual insurance, same thing. Except its better organized in a legal corporate structure.

[@h.a4989]

@@roberthannah7983 Ive yet to see it in practice

[@roberthannah7983]

@@h.a4989 There are lots of legally structured mutual insurance companies in many countries owned by their policyholders, see the wiki entry on mutual insurance companies for a list.

[@roberthannah7983]

This presentation, and many Islamic scholars make the mistake of focusing on the individual contract, not the overall risk position of the individual buying insurance. Insurance reduces uncertainty (gharar) for the individual, and that is a good thing, and its obviously a service worth paying for. Both takaful and conventional insurance involve insurance contracts. If you dont make the donation (premium) to the takaful pool you do not get the coverage, just like conventional insurance. The equation of insurance to gambling is mistaken. Gamblers exhibit risk preference, whereas purchasers of insurance display risk aversion (the opposite!). Insurance is a contingent claim, not a game of chance, so it cannot be equated to gambling. The speaker does admit that there was no concept of insurance at the time of the prophet, and so the fatwas that insurance is haram are assertions of Islamic scholars. These scholars need to take a basic course on risk management.

[@imanamatullah2378]

Allah hu alaam.

[@saqulaindiwanalhind4097]

Love u sir

[@AdilKhan-hb9tq]

Halal

[@shakurrahman1554]

how can i ask a question??

[@nikitapali5533]

Insurance never covers natural calamities and act of God...

[@roberthannah7983]

Yes it can, you have to read the details of your contract.

[@bobomar5289]

Insurance is Haram, not allowed, you can pay $100 and get nothing or can get a million $. it's a kind of riba

[@roberthannah7983]

You only get the million if your million dollar house burns down, so then you are even. That is the purpose of insurance. The scholars are wrong. Send them on a basic course in risk management.

[@bobomar5289]

@@roberthannah7983 you are missing the point here, the insurance transaction is unknown to both parties, you pay $100 and you don't know what you're getting and this makes it haram.

[@roberthannah7983]

@@bobomar5289 Yes, the payoff of the individual contract for both parties is unknown. But the insurance company uses risk pooling to diversify risk quite scientifically, so the payoff of their book of business is rather precisely known. For the individual purchasing insurance, yes he does not know if his house will burn down. But his situaltion is improved because if the small chance that it does happen, it is not a financial catastrophe. It is like saying it is haram to buy an umbrella because I dont know if it will rain tomorrow or not! There is nothing in fundamental texts except scattered references to games of chance and unborn calves etc. that address risk management, and which have no relevance to insurance as it is managed today. The strange attitude to insurance is an invention of Islamic scholars, who I think are afraid to display their ignorance of risk management. Sharia is supposed to promote benefit for humanity, and modern insurance certainly is one! (but like any business it has its share of shysters). I will repost my comment from below if you did not see it. This presentation, and many Islamic scholars make the mistake of focusing on the individual contract, not the overall risk position of the individual buying insurance. Insurance reduces uncertainty (gharar) for the individual, and that is a good thing, and its obviously a service worth paying for. Both takaful and conventional insurance involve insurance contracts. If you dont make the donation (premium) to the takaful pool you do not get the coverage, just like conventional insurance. The equation of insurance to gambling is mistaken. Gamblers exhibit risk preference, whereas purchasers of insurance display risk aversion (the opposite!). Insurance is a contingent claim, not a game of chance, so it cannot be equated to gambling. The speaker does admit that there was no concept of insurance at the time of the prophet, and so the fatwas that insurance is haram are inventions of Islamic scholars. These scholars need to take a basic course on risk management.

[@bobomar5289]

@@roberthannah7983 risk management has nothing to do in here, there are basic rules in islamic financing, don't break them under any circumstance, a transaction has to be clear, you pay $10 to get 10lbs of Royal Gala apples, if you get Macintosh instead, the transaction is void. you pay the insurance $100 and nobody knows what you're getting, and unless you get $100 worth of service this becomes riba. And by the way, Sharia does not "promote benefit for humanity", it's a set of rules that muslims have to abide by.

[@roberthannah7983]

@@bobomar5289 I understand and respect your point of view. But there are lots of things you buy without a certain outcome. You train and pay for a mechanics licence, but you are not sure you will get a job with it. You subscribe to Netflix but you dont know what movies you will watch. Regarding insurance, I will stand by what I have said, and will repeat just one thing which is central. The mistake made by scholars is that they focus on the individual insurance contract, whereas they should focus on the situation of the individual. When that is done, it becomes obvious that insurance is a clear benefit, which is why millions of people purchase it. Otherwise ... - You say "risk management has nothing to do here..." . Insurance (and takaful) is a very major part (but not all) of the discipline of risk management. Its a new profession. - "basic rules in Islamic financing" - these rules are mostly a construction of neorevivalist Islamic scholars. There is a Quranic prohibition on riba, which is not defined, and gharar is not mentioned in the Quran. I know most scholars assert interest=riba, but modernists don't, and the speaker says most scholars assert insurance is haram in theory, but give lots of exceptions. - insurance policies - you know exactly what you are getting, otherwise dont buy it! A phalanx of insurance company lawyers makes sure that the policy you are buying is clear, and millions of claims get settled all the time without dispute. A few end up in court, as do other business transactions. - Lastly - sharia as benefit: I will quote this (from wiki): maqasid al sharia: "The notion of maqasid was first clearly articulated by al-Ghazali (d. 1111), who argued that maslaha was God's general purpose in revealing the divine law, and that its specific aim was preservation of five essentials of human well-being: religion, life, intellect, lineage, and property.[4]"

[@mplsridah]

Wahabists would call car insurances haram

[@MrSidkhan1]

But they all have it lol

[@mplsridah]

Lefty Ak lmao true.

[@king_hhh]

@@MrSidkhan1 Hahahaha

[@hameedfs]

Does "European Council for Fatwa and Research" have an English website? I found only an Arabic website - e-cfr.org

[@cihanlifestyle]

Jazak Allahu Khayr Sheikh. I really appreciate your work and Q&A's regarding real practical problems of muslims in the west. Unfortunately there is not much online and most of the time answered in a really shallow way. Pls pls pls keep up the good work and let us know how to support you financially.

[@MuhammadIrfan-kv6ez]

Assalamwalikum I am trying to know the qari who is reciting quran in the beginning And the nasheed in the end any link PLZ PLZ i have been trying hard to find !!!

[@lilz9844]

Muhammad Irfan kzbin.info/www/bejne/pKjHmGaaitWeocU

[@HH-qm2qr]

Asalam Walaikum Sheikh, What about Dental Insurance. I know for a fact that me and my 3 family members will go to the dentist at least 2 times a year for General check-ups and cleaning. Just these 2 basic measures will cost thousands of dollars for me whereas my insurance covers it for less then a thousand a year. I know fir a fact that I will go multiple times a year, does this still constitute Gharar?

[@hameedfs]

I think one should be very cautious when using the daroorah excuse. Assuming that insurance is okay just because you live in a particular country may not be correct. Every person should ask himself whether he can manage if there is some damage to his car, property or merchandise. What will be the level of difficulty in case of a damage? Can he manage with other halal ways of risk management like creating a contingency fund, not putting all your eggs in one basket, etc.? One should take all this into consideration before buying/renewing insurance. For example, someone owning multiple cars or big luxury cars going for car insurance does not sound right.

[@bdh2564]

very good point brother !

[@Me-hu9br]

I see where your coming from but car insurance is compulsory in some places. To drive a car without insurance where some people live is illegal.

[@hameedfs]

@@Me-hu9br In the example, I am referring to car insurance above the compulsory third-party insurance. Most people go for higher coverage. It is understood that we cannot break the law of the land in any case.

[@mplsridah]

Shahul Hameed F "manage if there is some damage to his car" Insurance is required in almost every state in the United States. You will get fined or your car towed if you don't have the state minimum car insurance. However, the house or renter's insurance is not required. Let's be clear about the laws of the land, not opinions or dilemmas or considerations.

[@mplsridah]

Higher coverages are optional and recommended for new cars, hence recommended, not required.

[@guy5140]

A lot of these comments did not watch till the end before commenting

[@mohammadn7207]

Asalamalyqum can you please give us some knowledge about the prudects that’s has a pork ingredient like E 3615 code

[@bobomar5289]

So we know why insurance is haram but we don't know based on what those "Big Calibres" allowed it!!! for me it is haram, avoid it at all cost.

[@omar-9617]

you prob dont live in the west... here you have to have a insurance.

[@JaefarSABNW]

If forced, the haram is halal, but only as actually needed and not with intents of gambling or for any other than it is being forced by law or connection to threats of harm.

[@recitationtohear]

//kzbin.info/www/bejne/p6O0n3mwjtiIfLM

[@MostafaMansoori]

I would say according to my opinion that life insurance is permissible because it is having financial stability once the person dies. After my father passed away in 2006, he didn't have life insurance so my cousins and other relatives helped us out financially for sometime. So after my father passed away, I purchased a term life insurance for my mom and myself for burial costs and to make sure that all necessary financial needs are met. I understand and know that all provision is from Allah His Majesty, but having life insurance takes away the burden off of other people having to ask them for money.

[@hussambarghouthi933]

why not sure your kids and limbs then... having to deal with loss and hardships is part of life. The answer is to have an Islamic system where the state takes care of the people... not those capitalist systems that suck life out of everyone and everything...

[@MostafaMansoori]

@@hussambarghouthi933 i dont agree, because I dont plan on getting married and having children at all.

[@hussambarghouthi933]

@@MostafaMansoori what about your limbs, job, etc...

[@MostafaMansoori]

@@hussambarghouthi933 I have a job shukur and my limbs as well.

[@roberthannah7983]

@@hussambarghouthi933 State insurance - I dont think so. The state runs things inefficiently, loses money, and attracts corruption. There are lots of private insurance companies, they compete with each other and they are regulated.

[@akobenkwatakye2454]

Insurance is so oppressive, I have to pay $379 per month for auto insurance, which is much more then the worth of my vehicle.

[@delaman4991]

You must live in Canada

[@akobenkwatakye2454]

@@delaman4991 I live in Detroit

[@delaman4991]

Close enough bro, in places where people do a lot of insurance fraud, and add in the bad weather it’s literally triple what everyone else pays

[@roberthannah7983]

You are paying for if you hit a Mercedes or also personal liability if you kill or injure someone.

[@fitwithshaik]

I am from India. And here if we take life insurance, we will get some relaxation in tax paying. That is we have to pay less tax. Can u explain on that.?

[@neom-city]

Tax today is an oppression and we need an Islamic system to follow all by Islam. Or else doomed

[@roberthannah7983]

@@neom-city Why is it an oppression to pay tax for public services?

[@MasterFatih]

Actually starts at 11:40

[@QuranWorldYT]

Allah ❤

[@rehana3k]

Assalmualaikum , I am a bookkeeper . Sometime I need to record clients interest on their loan or credit cards . Is bookkeeping is haram as profession ?

[@rehana3k]

Can you please answer ?

[@sz1sz2sz3]

@@rehana3kYes ma`am . It is my humble opinion

[@nadiyaahmed9838]

Muslim (1598) narrated that Jaabir said: The Messenger of Allaah (peace and blessings of Allaah be upon him) cursed the one who consumes riba, the one who pays it, the one who writes it down and the two who witness it. He said, “They are all the same.” Al-Nawawi said: This clearly shows that it is haraam to write down the contract between the two parties or to witness it. It also shows that it is haraam to help others to commit falsehood.

[@kusari86]

Ignore the comments here and ask your local Mufti

[@AK-ff2yj]

@@kusari86 ignore the prophet’s instructions?

[@pojokagama]

in my opinion, in insurance there are not any qardh that not persimible for riba...we buy insurance not for aim to get the money...there are no exchange money with money...

[@LucidNetwork852]

Is eating from fast food restaurants haram? Also, the instant ramen noodle cups that people buy from grocery stores.

[@ray650]

no its not

[@joserodriguez8478]

Assalamu alaikum warahmatullahi wabarakatuhu. There is a app named scan halal that can help you through scanning the barcode on foods to see if they are halal. InshaAllah that will help you.

[@coucou4215]

Salam Alaykum, i'm sorry to bother you, we don't have enough information to be able to answer correctly, questions of haram and halal need to be answered according to knowledge with evidence 😊

[@saliksayyar9793]

Ghirar makes sense when there is no data, as in the time of the Prophet (saww) However, data on stone throw distance can be gathered from a population based on age and gender and parameters with probability established and published. So both sides will know the parameters. It is then a range , and not entirely unknown. Similarly the life insurance data establish the probability of loss of life, loss by fire (in a society) or accident (society with cars). Illness probability, disability based on occupation, time spend driving etc. So it can be looked from a collective societal point of view for members of the society and so it is a sort of parallel to fard e kiffayah , where a fluid pot of money is helping a collective for those who are poor or suffer a calamity . Best organized as non profit by the govt. However it is for the good of society.

[@humanbeing3946]

I wouldn't want to buy a box with something with unknown value inside it.. If I buy something worth more than what I pay, it shall be a profit. But what if the item's worth is only a few pennies or dollars, then I am at big loss. It's certainly a Gamble in essence.

[@purplerose5]

Sheikh, how halal is takaful? The system is just the same as conventional insurance, it's only in the play of words to make it sound Islamic and appealing to Muslims. People are paying their premiums for their own benefits and not an infaq to help others. The only difference is that it is riba free

[@sz1sz2sz3]

I am more confused by this lecture. How come this is Gharir when you know what you are getting. In Health insurance, you are getting the services you need. We don`t know how much, but it is what we need to an extend. In term life insurance,you know exactly what will you get if you die in the time frame And, If by the same token, Insurance company making investments in Interest based models and paying out with this `haram` source, you also state that the benefits from social security and the medicare is also haram? Please don`t get offended. Need comments

[@roberthannah7983]

You are quite right, Islamic scholars are mistaken in thinking insurance is like gambling. Insurance reduces risk, and that is a good thing.

[@DayDreamer1230-n1i]

@@roberthannah7983 no it doesn't :), insurance doesnt reduce the risk of you falling sick, and it doesnt increase the chances of you getting well either.

[@DayDreamer1230-n1i]

you cannot understand how this is gharar, but you can understand how this is riba right? you exchanging less money with more money without any certainity of the time period of when you will make the claim at the time of transaction? Dude leave the laws to the scholars, those people have studied islam their whole lives.

[@roberthannah7983]

@@DayDreamer1230-n1i I understand your point regarding gharar. The insurance contract certainly contains gharar, because the payoff is uncertain. But there is no discussion of gharar in the Quran. The opinions you read and hear are constructions of Islamic scholars. Let me explain my point of view. 1. As you say, medical insurance does not lessen the risk of illness or accident. It does offset the risk of losing income from not being able to work, and the expense of medical care. In some countries, the latter is public insurance, in others like America it is mainly private but there is public medicare insurance for the elderly. You cannot deny that those risks constitute major gharar, and that offsetting them is a good thing. 2. The approach in sharia used by Islamic scholars, to look at each insurance contract in isolation, is mistaken when we are doing risk management analysis. Risk management is done from the point of view of the individual or business which is exposed to risk (gharar). This is of course because insurance contracts are designed to offset the insured "perils" (risks/gharar enumerated in the contracts.) We do not try to break a leg or crash our car to get a payoff! I apologize for the statistical jargon, but if you are familiar with it, the insurance payoff has high negative covariance with the financial risk of the insured perils, and in this context it is highly desirable. On riba - not applicable here. With insurance you are buying a risk protection service. Riba is about financial exploitation.

[@roberthannah7983]

@@DayDreamer1230-n1i I did agree with you earlier that insurance does not reduce the risk of illness. However when you drill down into it, that is not quite true. The overall health of the population is improved if they have access to insured medical services. Many poor in America suffer because they cannot afford medical insurance.

[@almasfaisal]

All the arguments look kidish, Why he did not mentioned that Insurance companies majorly investing in stock market? Not in bond market.

[@ArturNurM]

What if the third party (an advertising company) provides marketing campaigns and promotion for a retail client in selling haram goods like alcoholic drinks? Is it also permissible to keep working there?

[@farhannansari]

Salaam alaikum. Jazakallah for the video. Can we remove the plastic bottle from the videos and instead have a tumbler if we want? Plastic bottles are a huge source of plastic pollution.

[@CoolStoryBro26]

Salam sheikh, yes they still deliver money in vans haha!

[@harisadu8998]

The shaykh lives in america. I'm sure he drives a car, therefore i'm sure he has car insurance, which is a legal requirement.

[@moizshaikh9844]

Assalamu aleikum. Jazakallahu khair sheikh. May ALLAH ALMIGHTY reward you with the best of this world and the best of the hereafter and may HE protect you from the punishment of fire

[@ADQChannel]

Too many slips of tongue between insurance and interest

[@eshraqsalahuddin115]

Asalamualikum, out of all the good insights you only find this?

[@ADQChannel]

@@eshraqsalahuddin115Wa alaikum salam. No. This is very helpful and good content. Just notifying it might cause confusion for the listeners.

[@eshraqsalahuddin115]

Dzul Qarnaiyn Production may Allah guide us and bless us all

[@fluhasipi4940]

Masha’Allah, I was curious to find out about life insurance in Islam, I just searched “ Yasir Qadhi life insurance” and here you go! What a source of knowledge Yasir Qadhi is! May Allah bless him!

[@mplsridah]

16:20 so does that apply to auctions like car auctions or garage auctions? I think yes.

[@altafkalam2716]

No, auctioneering of items is a valid trade practice that goes way back in human history. It was practised during the Prophet's s.a.w time too. Nothing haraam about it. You know the product you're bidding for. What the Shaikh told about bidding on locker rooms is when they don't know what's inside the locker room.

[@dilipshankar6462]

Sir, Employment in Insurance Bank unacceptable, than why many islamic countries has bank and insurance company in their soil.

[@innu222]

Dr yasir qadhi please share your knowledge regarding the new Islamic savings accounts with prices given through raffle by bank who is a share holder and account manager. Is that allowed in Islam or it’s considered gambling?

[@ArturNurM]

What’s about all-you-can-eat breakfast buffet in hotels? Are they allowed?

[@21mabagsik29]

Alhamdulillah

[@mohamedabdirahman3706]

Takaful insurance exists in Some countries like in Malaysia and some african countries

[@mujahidabdulrazak2977]

I think Yasir Qadhi meant to say insurance but keeps saying interest 🤔

[@sagaloo5382]

Does anyone have any views on pet insurance ( ideally heard from dr. Yasir qadhi himself)?

[@anwardada7077]

How about Islamic life insurance company

[@moneymaker2024]

21:45 RIBA

[@hussambarghouthi933]

Weird Logic!!! Life insurance is more important than car or home insurances. Fear Allah ya sheik... Necessity is life and death matters and not not wanting to pay for a new car or fix some damage... You make lightly making halal what Allah has made haram... Even if someone has no other alternatives, then the Fatwa should be intended for those - not open for everyone (e.g. why would a millionaire or someone who can afford the damage be allowed to insure!!!). Also, if there is no Takafol, why not push for it and say that this should be the way... and push to have an Islamic way of life established at least in Muslim lands...

[@roberthannah7983]

@@AS-ik2fw We all die, so eventually they will pay! Term insurance for a period of time (say, while you are working) pays your family so if you die they will not be destitute. That is reduction of gharar for them, and so a good thing.

[@baijida]

Can I just ask? In relation to the difference between insurance and gambling. When you win the lottery you basically win money by chance and you profit immensely. Now in relation to insurance companies it insures your assets and seeks to only put you back into the same position before the loss. You are not actually gaining anything. Life insurance being the exception. Secondly name one company in the modern world that is not connected to the banks? Even Islamic banks make more money then they loan you. No matter how you twist it if you are getting more money back from what you have lent then you making money from money.

[@roberthannah7983]

You are quite right, insurance is actually the opposite of gambling. People who gamble like risk, they like the thrill. Most of the time they lose and the casinos gain. But insurance is the opposite of gambling - people want to avoid risk (gharar) of loss of home or car accident, or income (life) so they buy insurance for protection.

[@MohammedMohammed-jb9yh]

What if insurance is mandatory in any country

[@Islam_success]

As-slamualikum ,would you please make video on 'is it permisable or allowed to do job in bank / stock exchange ".

[@lunarsky6551]

hey answers this question at the end of the lecture plz look into it if u need

[@fatimakaneez5756]

Could please let me know that profet was use honey and then tell people to use is it authentic?

[@youtubeuser3182]

Yes he(SAWS) used it for stomach issues

[@ekobaridi8986]

Asalaam alaikum brother I need your advise on insurance high risk countries like in Africa where there are very common unexpected incidents may happen robbery, burglary, fidelity losses by staff or person involved in cash embezzlement like in debt collection and medical insurance where medical expenses is not bearable for common person. Please comment on this

[@deserttadpole2659]

Thank you syeikh

[@theAHSANsak]

Doctor Sahab keeps mixing up insurance with interest LOL

[@emperor5659]

Education loan is halal or haram

[@tarakkhandakar]

How about personal home insurance?

[@Musabi4]

Does any1 know who the reciter is in the intro?

[@yasinmerighi236]

Hazza Balushi هزاء البلوشي

[@motazfallata]

Thank you

[@MrBahjatt]

To say that insurance consists of غرر (Gharar) it is not so, we don't pay insurance hoping/expecting to need it; we do it because somebody WILL NEED it and it will be paid off to some people, including those of us contributing. Likewise, calling it ربا (usery) is not correct; because insurance (accident for example) is paid out based on the proportion of damages to the total amount of compensation purchased.

[@roberthannah7983]

You are quite right, insurance reduces risk (gharar), and that is a good thing.

[@cima5878]

Also generally ppl buying insurance are not doing so, so they can make mire money, And I would think they hope they never need it...He mentioned in other cases make your niyyah such snd such snd it should be ok...why didn't the niyyah of the ppl matter in the case of insurance?