Software Development for Insurance Companies
Title: Question on Software Development for Insurance CompaniesAssalam-o-Alaikum,We are an offshore software development company and have been working with foreign clients who develop and host software applications for insurance companies. The software we develop covers all aspects of insurance business (personal and commercial lines) and generates insurance agreements (proposals, policies etc.) In some cases, we also develop code that generates premium financing (interest calculation) documents.Knowing that both interest-based transaction and insurance agreementsare not in accordance with Sharia practices, is it permissible for usto write such software? Although we are not involved in any forbiddentransactions ourselves, are we involved in a sinful act based on thisayyah: "Help one another in righteousness and piety ? and do not help one another in sin and transgression" (al-Maaidah 2).Jazak Allahu Khairan for your consideration,Barak Allahu Feek
