Is life insurance, in which a sum is paid over 25 years and roughly doubled after that period, unlawful? And is saving in banks with interest rates similar to insurance companies lawful or unlawful? What is the ruling on social security through employment, which resembles the idea of life insurance?

Eating good things, in the verse: "Eat of the good things We have provided for you," means eating what is lawful. And good earnings are a cause of blessing, answered prayers, and help in obedience. Whereas unlawful earnings destroy blessings and prevent prayers from being answered.

Life insurance is forbidden because it involves gharar (excessive uncertainty) and gambling. The premiums paid should be withdrawn if possible.

As for saving in banks that give usurious interest, please refer to fatwas no. 40650 and no. 32659. For social security, please refer to fatwa no. 34589.