Transactions Modern Financial Issues
Insurance Policy for a Company’s Employees
Question:- Is it permissible to avail the benefits of medical insurance that companies provide to their employees?
Answer:- All the existing forms of medical insurance are forms of gambling with respect to their outcomes. In Islamic Jurisprudence, all forms of gambling are illegal and prohibited. However, in some cases the companies' employees are forced to have an insurance policy. The insurance policies that the companies introduce for the treatment of their employees are usually of two types:
