Dr. Monzer Kahf, Scholar in Islamic Economics & Financial Expert, states, “We should make a distinction between a software that is specific for a Haram contract and one that is generic in a way that it can be used for Haram transaction or others. Developing a software that is specific for writing interest-based contract and cannot be used for other permissible contracts is not permissible. For insurance, the ruling is a little different because Insurance is not unanimously taken as Haram, there are very respected scholars who argue that insurance is permissible if it is clean of interest. Actually, all general insurance is not interest-based and only one kind (unfortunately the most common) of life insurance is interest-based. Therefore, writing a software for insurance companies is not Haram based on the contract itself being controversial. “
Software Development for Insurance Companies
Did you like this content?
Recommended
Defending Jerusalem: A Sacred Duty for Muslims Worldwide
How Should Muslims Celebrate the New Hijri Year?
Fasting `Ashura’ With two Intentions
The Tragedy of Al-Aqsa Mosque: Its Significance and Muslims’ Duty to Protect It
Rights & Duties of the Wife and the Husband
Istikhara Prayer: Rules & Signs of Response
Lying between spouses
How to Introduce Islam to Non-Muslims
Different Interpretations of the Qur’an and Hadith
Authenticity of Hadiths Reported by Al-Bukhari and Muslim
Top Reading