What is the ruling on subscribing to shares in insurance companies such as "Medgulf" and others?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Insurance is of two types: commercial and cooperative. It is not permissible to subscribe to or work with commercial insurance, as it is based on (excessive uncertainty/risk) and (gambling).
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/79538
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 79538
- 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