This thread is in relation to IFG’s (minority) position that insurance is (generally) permissible. We set out our views first and then Mufti Faraz provides his response and wider views on insurance.
View One: IFG
Our views are summarised in the following two articles and video:
Video on why we consider insurance generally should be seen as permissible:
We are not muftis, though we have studied Islamic law. These views are based on our commercial experience and considered research, including reliance on Sh. Mustafa Al-Zarqa’s book “Nizam Al-Tameen” (The System of Insurance).
View Two: Mufti Faraz Adam