Life insurance: Halal or Haram?

[Sa1eem]

Re: Life insurance: Halal or Haram?

@Ethan_Hunt

A lot of people say it is fundamentally a gamble but people who have purchased these plans, what’s their reasoning behind it? Does it fall under the laws of islam?

As far as I know, Islam is fine with insurance (including life insurance). Actually, some types of insurance are recommended/encouraged in Islam … that can be proven from Quran.