ASK 283

In this clip Dr Israr Ahmed explains that life insurance is not permissible in Islam because it involves elements of gambling and interest (riba), which are prohibited. Insurance companies often invest in interest-based businesses, making the profits haram. Additionally, if you fail to make premium payments, the money you've already paid may be lost, which is unfair. He advises Muslims to avoid life insurance schemes. Instead, they should rely on Allah and seek halal ways to fulfill their financial needs.