Religious Status Of Insurance
Insurance is lawful. It has nothing unethical involved in it. It is not interest or gambling. It is mutual fund which is utilised in commercial business to generate profit to distribute among the customers. The idea is fine. The host bank or the company use the provided funds on its own discretion, which has no responsibility on the customer. for details you can read the following article https://www.javedahmedghamidi.org/#!/books/5aa66ae35e891e8f44a43f5f?chapterNo=39