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September 12, 2006

Fatwa Outlaws Life Insurance

(Lucknow, Uttar Pradesh, India) The supreme Muslim body for Sunnis, Darul Uloom of Deoband, recently issued Fatwa 837 declaring life insurance illegal under Sharia Law.

From Times Now:

"Fatwa had rightly stated that insurance of life is against Shariyat (Islamic laws). No true Muslim should go for it, because Islam prohibits gambling and earning through interest; and insurance is nothing less than gambling," said Khalid Rashid, Vice-President, All India Muslim Personal Law Board and Sunni religious leader.

So, there you go. Purchasing a life insurance policy is no different than betting money on a blackjack table. At least that's what one Muslim leader says.

However, there isn't common agreement among all Muslim leaders. According to Kalbe Javwad, a prominent Shia leader:

"In Shias, there is no such ban. This controversy has been raised for the first time; it has no big meaning for Shias. In Iran, there is no such ban on getting life insured."

I guess the controversy regarding the legality of life insurance will just have to be added to the list of sticking points between Sunnis and Shias. My personal take on the issue is that Muslims should never be allowed to obtain life insurance, interest-bearing or otherwise.

Look, their guiding belief system sanctions and, some would say, encourages killing. There are "honor killings" and a variety of homicidal and suicidal acts of martyrdom, all ostensibly conducted with the approval of higher spiritual authority. An ambitious entrepreneur wouldn't need a John D. Rockefeller intellect to figure out how to rake in some lucrative life insurance payouts.

Muslims are more than adept at regularly killing each other in large numbers already. They don't need a profit motive.

Companion post at Interested-Participant.

Posted by: Mike Pechar at 02:24 AM | Comments (11) | Add Comment
Post contains 283 words, total size 2 kb.

1 Wasn't there a line in a Simpsons episode like this? Marge asked Ned Flanders wife if they had insurance and Ned 's wife replies "Oh no, Neddy regards insurance as a form of gambling.." Life imitates the Simpsons, for not the first time...

Posted by: Jim C. at September 12, 2006 06:38 AM (T7ZfO)

2 The more I discover about Islam the more disgusted I become. Another take is why would a muslim mother or father worry about the future of their children when they convince them be martyrs.

Posted by: greyrooster at September 12, 2006 06:49 AM (YyQDW)

3 I know the answer to that one. It is to ensure there are enough martyrs to go around when they are needed.

Posted by: SeeMonk at September 12, 2006 07:10 AM (n4VvM)

4 Dear greyrooster,

Don't be frustrated. This is not Islam. Some people historically assumed Islam's ownership and shaped Islam in a horrible way.

Problem is, - in people's mind (including many Muslims) theirs is established as Islam backed by the force of money and institutions.

fatemolla.

Posted by: fatemolla at September 12, 2006 08:04 AM (y8L/G)

5 I'm betting the actuarial tables for Muslims are pretty grim anyway. LOL!

Posted by: Hucbald at September 12, 2006 10:12 AM (JkNHw)

6 I remember a Mad Magazine piece on life insurance that is on point. I paraphrase "the insurance company is betting you die and you are betting you won't". Doesn't seem like much of a bet to me.

Posted by: UncleZeb at September 12, 2006 12:37 PM (OYfUg)

7 I wonder how many of the upper-echelon Euro-Islamistas have interest earning checking accounts and money stashed in a Swiss bank, besides the Arafat-widow.
One could argue that the West's greatest and most longest-lasting achievements over Islam was the invention of compounded interest.

Posted by: DirtCrashr at September 12, 2006 02:22 PM (VNM5w)

8 Just another case in point how stupid these Islamist's are. If they thought like we do, we would have many kids, insured to the max, then collect the death benefits one by one as we send them into the battle field with their suicide belts. Jihad would be sooooo financed! A win-win situation! At least until the insurance companies got wise or went bankrupt!

Posted by: Last gasp Larry at September 12, 2006 02:31 PM (Dd86v)

9 There must be a self-immolation rider to the policies.

Posted by: Ansar al-kufir at September 12, 2006 03:44 PM (Wikc/)

10 Oh! I guess you got a point there. My bad. Who looks stupid now? Guess that wasn't such a good plan.

Posted by: Last gasp Larry at September 12, 2006 11:35 PM (Dd86v)

11 fatemolla: If this isn't Islam then what is it and why do they do murder in Allah's name? Where then are the real muslims? You know. The ones that profess to be a member of the religion of peace. Why are all the terrorists muslim?If there are any good muslims out there they need to start getting rid of the bad ones. The west is getting sick and tired of muslim crap. When pay back comes it will be against all Islam. Save yourselfs and do something. Where is your outrage at people who stole your religion? Take a stand before we do.

Posted by: greyrooster at September 13, 2006 12:53 AM (ozuY+)

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September 12, 2006

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