What is the ruling on working for an insurance company, "Amanah for Cooperative Insurance," in an administrative position (human resources) that has no relation to buying or selling, especially since the company claims its adherence to the rulings and principles of Islamic Sharia? And does the ruling differ if the company does not actually adhere to that?
Insurance is of two types: cooperative, which is permissible, and commercial, which is forbidden due to its containing gharar (excessive uncertainty), which invalidates the contract.
Working in cooperative insurance companies is permissible, as it falls under cooperation in righteousness and piety. As for working in commercial insurance companies, it is forbidden because it falls under cooperation in sin and aggression.
Judging a specific company requires a sufficient understanding of its activities and the extent of its adherence to Islamic Sharia. The questioner can refer to trustworthy scholars or inquire about the Sharia supervisory board within the company to ascertain its compliance.
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- Ftawy
- Original fatwa ID
- 136552
- Imported
- Translation status
- Source text, unreviewed
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