All kinds of INSURANCE are forms of uncertainty, and transactions - TopicsExpress

All kinds of INSURANCE are forms of uncertainty, and transactions which involve uncertainty are forbidden: “The Messenger of God (peace and blessings be upon him) forbade transactions determined by throwing a stone and transactions which involved some uncertainty.”- "throwing a stone" = this was a type of transaction that was prevalent in the markets of pre-Islamic Arabia, whereby a stone was thrown by either the buyer or the seller, and whatever it touched, its transaction became binding. “Transactions which involved some uncertainty” – is a transaction in which there is no guarantee that the seller can deliver the goods for which he receives payment.

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