Why Is Commercial Insurance Prohibited? – Shaykh Irshaad Sedick

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Answered by Shaykh Irshaad Sedick

Question

Why is commercial insurance prohibited?

Shaykh Irshaad Sedick explains why commercial insurance is prohibited in Islam.

Shaykh Irshaad Sedick graduated from Dar al-Ulum al-Arabiyyah al-Islamiyyah, under the tutelage of Shaykh Taha Karaan. He received Ijaza from several esteemed scholars and has authored “The Musnad of Ahmad ibn Hanbal: A Hujjah or not?”. Shaykh Irshaad has over fifteen years of teaching experience, served as Director of the Discover Islam Centre, and Khatib at Masjid Ar-Rashideen. Currently, he leads Isnad Academy, focusing on Islamic podcasting and media, and holds a Master’s degree in Islamic studies from the University of Johannesburg.

 

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