What is the ruling on creating an insurance policy for employees with a sum of money from the company's funds, and what is the ruling on the amounts received by the employee in terms of being permissible or impermissible (halal or haram), and is this considered permissible cooperative insurance?
There is no objection to allocating the aforementioned amount for insurance. It is not necessary for what is given to the worker to be equal to what was deducted from him, as long as the insurance fund is a cooperative mutual fund.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
Read the full answer on Ftawyhttps://ftawy.com/en/questions/123316