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The question

What is the ruling on insuring with an international company whose original work is commercial insurance, and which operates in Saudi Arabia under the name of cooperative insurance, such as Bupa Arabia for Cooperative Insurance?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to subscribe to insurance with this company, because it is commercial insurance that is forbidden due to the presence of excessive (uncertainty), devouring people's wealth unjustly, and other corruptions. Its adoption of the slogan of cooperation does not change its true nature in any way. The sin is upon the one who is compelled to enter into it.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
121121
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.
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Read the full answer on Ftawy