What is the ruling on working in a marketing job for AlJazira Bank's Takaful Ta'awuni (Cooperative Insurance) Department, given the scholarly disagreement regarding its permissibility?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Commercial insurance in all its forms is prohibited. As for the Takaful program at Bank AlJazira, it is permissible cooperative insurance, based on the principle of mutual guarantee (takaful) among policyholders. Furthermore, its contracts include an investment saving component that does not guarantee capital or profit, but rather relies on investing funds in murabaha transactions. It is permissible to work at Bank AlJazira, provided that one adheres to the decisions of the Committee.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/19530
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 19530
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy