Insurance
Is Life Insurance Halal or Haram?
By Dollar Bureau  •  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 Dollar Bureau
Launched in 2019, the Dollar Bureau blog aims to play a part in improving the financial literacy of Singaporeans.
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