Is subscribing to Takaful insurance policies permissible, such as a children's policy that pays out when they reach 21 years of age and involves the company investing the monthly paid amounts, knowing that these policies are accompanied by a review document from a Sharia supervisory board?
There is no objection to dealing with this company as long as its insurance is based on takaful (mutual indemnification) and it has a reliable Sharia board overseeing it.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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