Is it permissible for commercial insurance companies to offer cooperative (Takaful) life insurance, and is this considered religiously permissible, even though their primary activities are impermissible?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The decisive factor in insurance is its characteristics, not its name. So, if it possesses the characteristics of cooperative insurance, then it is cooperative. But if it has the characteristics of prohibited insurance, then it is forbidden, even if it is called cooperative.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/54933
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- Ftawy
- Original fatwa ID
- 54933
- Imported
- Translation status
- Source text, unreviewed
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- Read the full answer on Ftawy