I would like to know if house & vehicle insurance is permissible

Question:

assalamu aliakum..

would like to know if house & vehicle insurance is permissible

Answer:

Wa Alaikum as salaam,

These are not permissible. However, in the case of vehicle insurance, due to the fact that it is a law in the country, it will be allowed for us to have the vehicle insurance.

And Allah knows best,
Mufti Waseem Khan

22/1/2013