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IslamQA: Is life insurance permissible in Islam?

Is getting life insurance permissible?

If the insurance is provided by a for-profit company then it is prohibited, because they are making money through a procedure that amounts to gambling/betting. But if the insurance is provided by a non-profit where people’s money is pooled to support members who die, then that is permitted provided that the company’s methods have been reviewed and approved by scholars.

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