Insurance on credit cards
Question

                If we want to get a credit card such as Visa or Mastercard, then insurance on it is compulsory, so that if it is stolen or if money is stolen from someone else through it, compensation will be paid by the insurance company.
Praise be to Allah.
    This insurance is haraam and is not permissible. It is a type 
    of gambling, which Allaah has forbidden in His Book. Allaah says 
    (interpretation of the meaning): 

    “O you who believe! Intoxicants (all kinds of alcoholic 
    drinks), and gambling, and Al‑Ansaab (stone altars for sacrifices to idols, 
    jinn, etc), and Al‑Azlaam (arrows for seeking luck or decision) are an 
    abomination of Shaytaan’s (Satan’s) handiwork. So avoid (strictly all) that 
    (abomination) in order that you may be successful”

    [al-Maa’idah 5:90]
The insurance company 
    takes the premium, then if the card is stolen it pays compensation, but if 
    nothing happens it keeps those payments. 

    Whether a theft will occur or not is something that is 
    unknown, and the amount, if any, that may be stolen if the card is stolen is 
    also unknown. This is obviously deceit and ambiguity. 

    Their taking the money, if nothing happens, is consuming 
    people’s wealth unlawfully. Allaah says (interpretation of the meaning): 

    “O you who believe! Eat not up your property among 
    yourselves unjustly except it be a trade amongst you, by mutual consent”

    [al-Nisa’ 4:29]
This is in addition to 
    the fact that most credit cards are also subject to conditions that involve 
    riba (usury, interest), etc.