Dr. Ibraheem Ahmad Salqeeni, Mufti of Aleppo, rules on the permissibility of purchasing insurance

Fatwa, posted 12.24.2010, from Syria, in:
Religious Authority: 
Ibrahim Ahmed Salqini
Fatwa Question or Essay Title: 
Is buying insurance lawful?
Websites and Institutions: 
Aleppo Darul Ifata

According to decision of International Islamic Figh Academy made in Conference II which held in 1985, a cooperative insurance such as health insurance is allowed while the insurance that is based on business profit is unlawful in opinion of the majority scholars for a possible trick therein.

التأمين التعاوني أو التكافلي ومثله الصحي جائز إن شاء الله وقد أقره مجمع الفقه الإسلامي في المؤتمر الثاني /1406-1985/ أما التجاري فالجمهور على تحريمه للغرر.