I have to think that this is a joke. However, Sharia does prohibit insurance in most standard interpretations. Oddly, historically Islam gained many of its converts via similar avoidance of taxes.
I was thinking I could call myself Mustafa Salami Baloney of the couch potato sect of the faith.
We believe that the best place to practice the faith is on our sacred couch with any sporting event other than figure skating or gymnastics which are haram. As alcohol is forbidden we will serve carbonated beverages and Zionist National Cold Cuts with NY Deli Mustard. Infidel communists will be served Jim Jones Koolaide. They must pay members of the faith Zhakhat or
bring Mountain Dew or get wedgies.
Our Weekday sermons shall be led by Ali Limbali followed by Shah Hamurabi and Mahmoud Levant. Of course the morning shall be dedicated to readings of Ibn Beakerkin and Beamish.
Of course members of the Couch Potato Sect would probably earn some sort of Fatwa for blasphemy. However, exempting people from a major expense on the basis of their faith would call for some form of Civil Disobedience. Even Jihadis in their wildest dreams could not come up with a better tool to seek converts than the Obama administration if this is true.
Somehow, I think that this story combines some elements of truth and exaggeration.