To what extent does this Takaful insurance system conform to Sharia, given that part of the subscription covers the cost of insurance benefits and is considered a non-refundable donation, while another part is invested in Sharia-compliant channels, and insurance amounts are disbursed upon death or critical health conditions, whereas the invested portion is disbursed to the subscriber or their heirs in all cases?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There appears to be no objection to cooperative insurance contracts, according to the stated terms and conditions for participation.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/126336
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 126336
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy