Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 4 years ago
Insurance is allowed in Islam being a contract between you (the insured) and the insurance company (the insurer) that you pay them an agreed amount with condition that they take financial responsibility in case something wrong happens to you, your family or your belongings according to the agreement.
Wassalam.