Is subscribing to a private pension program permissible or forbidden, knowing that the subscription fee is 850 EGP per month for 29 years, and a pension of 4000 EGP is disbursed for life, or to heirs for a period of no less than 15 years in case of death?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is permissible to participate in cooperative Takaful insurance that adheres to Sharia principles, and it is not permissible to participate in commercial insurance based on gharar (excessive uncertainty) and gambling.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/173931
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- Ftawy
- Original fatwa ID
- 173931
- Imported
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- Source text, unreviewed
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