Skip to content

Darul Iftaa Trinidad -Jaamia Madinatul Uloom

Gateway to your Islamic Knowledge

Primary Menu
  • Home
  • Fatawa
    • Aqidah (belief)
    • Salah (prayer)
      • Masjid & Waqf
    • Fasting
    • Hajj and Umrah
    • Women Related
      • Menstruation
    • Marriage & Divorce
    • Money & Finance
      • Zakaah & Sadqah
      • Inheritance
    • Social Issues
    • Spiritual
    • Consumables (Food & Drink)
    • Contemporary Laws
    • Prophetic life & History
    • Slaughter
  • Hadith
  • Classes
  • Articles
  • Jaamia Madinatul Uloom
  • About Us
    • Darul Iftaa Trinidad
    • Message from Mufti Ebrahim Desai
  • Contact
  • Ask a Question
  • Home
  • Job as an actuarial analyst in an insurance consulting department.
  • Contemporary Law
  • Finance

Job as an actuarial analyst in an insurance consulting department.

fatwa-tt September 25, 2018

Question:

Asalam Alikum. I have been offered a position as actuarial analyst in insurance consulting department at a firm. This consulting firm provides services to insurance and takaful companies. I wanted to know that is it halal to work there? I have been searching job for months and still i am unable to find a better alternative. JazakAllah.

 

Answer:

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

The permissibility or impermissibility depends, if such a job as an actuarial analyst entails engaging in interest related matters e.g. calculating risks and costs of insurances, suggesting new insurance contracts, calculating insurance premiums, analysing statistical data on insurance contracts, then it will not be permissible to keep such a job.

Abdullah ibn Mas’ud (Radhiallahu Anhu) narrates that the Messenger of Allah (ﷺ) cursed the one who accepted usury, the one who paid it, the witness to it, and the one who recorded it. (Sunan Abi Dawud)

One should also refrain from such a job due to the issue of the source of one’s income. If the firm pays one’s salary from the profits it makes through the sale of insurance policies, the salary will be impermissible, as the company’s source of profit was through unlawful means.

 

And Allah Ta’āla Knows Best

Mufti Arshad Ali

Darul Iftaa, Jaamia Madinatul Uloom (Trinidad)

www.fatwa-tt.com /www.jaamia.net

Continue Reading

Previous: What is the ruling on the turban like scarf nowadays?
Next: Is it permissible to do a ‘Living Will’?

Related Stories

Is Takaful permissible? Is insurance permitted for a Masjid?
  • Finance
  • Masjid & Waqf

Is Takaful permissible? Is insurance permitted for a Masjid?

May 1, 2025
Participating in sports competitions that charge an enrollment fee and permissibility of prizes.
  • Finance
  • Social Issues

Participating in sports competitions that charge an enrollment fee and permissibility of prizes.

February 21, 2024
Abstaining from companies that support the massacre of our brothers and sisters.
  • Character and Morals
  • Contemporary Law
  • Featured Posts
  • Social Issues

Abstaining from companies that support the massacre of our brothers and sisters.

January 9, 2024
Marabella, Trinidad
Saturday, 7th June, 2025
11th Dhu al-Hijjah, 1446
SalatTime
Fajr4:26 AM
Sunrise5:43 AM
Zuhr12:05 PM
Asr4:36 PM
Magrib6:26 PM
Isha7:43 PM

ZakatFitrah

The Nisaab in Trinidad and Tobago is $50,730.TTD (gold) or $3,993.TTD (silver)

Calculated on 06 Feb 2025

Current Fitrah:

Sadaqatul Fitr/ Fidyah : $18.00 (ttd)

Featured

Zakaah Guide 2025 (Trinidad)

My Ramadhan guide (1446/2025)

The Fitnah of “Darul Arqam” and the ‘Mahdi Movement’.

The significance of Muharram & Aashura (10th Muharram).

Email Query to Darul Iftaa- Jaamia Madinatul Uloom

The Shari’ah ruling herein given is based specifically on the question posed and should be read in conjunction with the question. Fatwa-TT.com provides a reliable fatwa service to the Muslim community related to all aspects of a Muslim’s life including: Worship,business transactions, marriage, divorce, inheritance etc. with the ambition to enhance and deepen the understanding of Islam and strengthen the relationship with Allah Ta’ala. We bear no responsibility to any party who may or may not act on this answer and is being hereby exempted from loss or damage howsoever caused. Any or all links provided in our emails, answers and articles are restricted to the specific material being cited. Such referencing should not be taken as an endorsement of other contents of that website.

Contact us: jmudarulifta@gmail.com

© 2021 Copyright Darul Iftaa Trinidad All rights are reserved

Copyright © All rights reserved. | MoreNews by AF themes.