Insurance
Is Life Insurance Halal or Haram?
By Singapore Financial Planners  •  September 11, 2023
Articles written are independent opinions, and are not affiliated/sponsored unless specifically mention Are you still trying to understand the Islamic perspective on life insurance? Are you wondering if it is permissible (halal) or forbidden (haram) according to Islamic principles? The topic of life insurance and its compatibility with Islamic beliefs has been a subject of debate and discussion among Muslims worldwide. In this article, we will delve into the question of whether life insurance is halal or haram. We will explore the different arguments and viewpoints surrounding this issue, considering both the religious and practical aspects. By the end, you will better understand how life insurance aligns with Islamic principles and whether it is viable for Muslims seeking financial protection. Let’s get started.

What is Halal, and What is Haram?

“Halal” in the Holy Quran refers to permitted, allowed, legal, or lawful things.
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By Singapore Financial Planners
We believe in the power of financial literacy. It’s unfortunate that schools do not provide crucial life lessons like financial planning. Thus, we created Singapore Financial Planners to create a space where we provide financial education so that you can make an informed decision.
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