Answer
In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
In this fatwa:
Having health insurance in today’s world is really of extreme necessity that a Muslim may opt for.
In his response to your question, Prof. Dr. Monzer Kahf, Professor of Islamic Finance and Economics at Qatar Faculty of Islamic Studies, states:
This is a kind of necessity that makes it permissible to take conventional insurance until an Islamic insurance exists in your country.
In fact, having health and other insurances in today’s world is really of extreme necessity, you must realize this.
Almighty Allah knows best.
Editor’s note: This fatwa is from Ask the Scholar’s archive and was originally published at an earlier date.