Question: Is it permissible to take out critical health insurance?
الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب
Conventional insurance is a commutative contract that involves gross uncertainty, contingent return, meysir and riba. Thus, conventional insurance is not permissible and is tolerated only where it is a legal requirement or a real necessity. Critical illness insurance is a form of conventional insurance but is neither a legal requirement nor does it meet the required necessity threshold. Thus, it is neither permitted nor tolerated.
And Allah knows best.
Mufti Mohammed Zubair Butt
Chair, Al-Qalam Shariah Scholars Panel