Mufti Zubair Butt
Q: Can you please confirm “Income protection policies” & “Critical illness cover” insurance policies are both haraam?
الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب
A: Income protection policies and critical illness cover are types of conventional insurance that suffer from the prohibitions of riba, qimar and gharar and are thus impermissible.
And Allah knows best.
Al-Qalam Sharī‘ah Panel