Is the share of Doha Insurance Company forbidden or permissible?
For shares to be permissible, the funds must be invested in a lawful business, and no part of the funds should be placed in interest-based banks. If the insurance is commercial, then participating in it is forbidden because it is a form of gambling. However, if it is cooperative and based on investing surplus funds in permissible projects and distributing the returns, then it is permissible.
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- Ftawy
- Original fatwa ID
- 31412
- Imported
- Translation status
- Source text, unreviewed
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