Question Summary: Is the commission that one earns from selling life insurance policies, retirement annuities, etc. considered haraam? Question Detail:
Assalaam mu alaikum Is the commission that one earns from selling life insurance policies, retirement annuities, etc. considered haraam? Is it permissible for one to work for an insurance consultant as an adminstrator/secretary considering that the main source of income from this business is through commission from promoting and selling such products? Jazak Allah
Answer :
In the name of Allah, Most Gracious, Most Merciful Assalaamu `alaykum waRahmatullahi Wabarakatoh Conventional Insurance Policies and Retirement Annuities contain elements of gambling and interest. These are Haraam in our Shariah. It is not permissible to sell, or accept commission on insurance policy sales nor work for a company promoting such products. And Allah knows best Wassalam Mufti Ebrahim Desai
Darul Iftaa, Madrassah In'aamiyyah
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