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Purchasing or selling travel insurance

Last updated: 14th March 2007
Question ID: #4004
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14th March 2007

Is it permisable to purchase or sell Travel Insurance? If not permisable, what should i do with the money i make from selling it?
Jazakalah khair

Ulamaa ID 04
Answer last updated on:
25th June 2008
Answered by:
Ulamaa ID 04
Location: London

Al-jawab billahi at-taufeeq (the answer with Allah's guidance)

It will not be permissible. Also, the money that you made from selling the insurance is Haraam and must be given to those eligible for charity without any hope for reward.

Please refer to:

And Only Allah Ta'ala Knows Best.