Why Is Commercial Insurance Prohibited? – Shaykh Irshaad Sedick


Answered by Shaykh Irshaad Sedick

Question

Why is commercial insurance prohibited?

Shaykh Irshaad Sedick explains why commercial insurance is prohibited in Islam.

Shaykh Irshaad Sedick graduated from Dar al-Ulum al-Arabiyyah al-Islamiyyah, under the tutelage of Shaykh Taha Karaan. He received Ijaza from several esteemed scholars and has authored “The Musnad of Ahmad ibn Hanbal: A Hujjah or not?”. Shaykh Irshaad has over fifteen years of teaching experience, served as Director of the Discover Islam Centre, and Khatib at Masjid Ar-Rashideen. Currently, he leads Isnad Academy, focusing on Islamic podcasting and media, and holds a Master’s degree in Islamic studies from the University of Johannesburg.