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Mufti clarifies private insurance work ban
Yes, according to the Egyptian Mufti, working in commercial insurance companies is considered lawful in Islamic law because it is based on cooperation and mutual support, and it is regarded as lawful earning. In Islam, insurance is viewed as a contract aimed at alleviating harm to individuals through collaboration between the insurer and the insured in exchange for premiums paid by the latter. It represents a form of earned income built on benefits and interests, provided it does not involve any religious violations. Therefore, earning a salary or profit from working in commercial insurance companies is deemed permissible, as long as it is understood that insurance is based on a legitimate contract within the permissible agreements outlined in Islamic law.
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