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The question

What is the ruling on working for cooperative health insurance companies in the Kingdom of Saudi Arabia, and how can we ascertain their Shariah compliance?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Work in insurance companies depends on the type of insurance; what is permissible, it is permissible to work in, and what is unlawful, it is not permissible. Cooperative insurance, regulated by principles, is permissible. It can be distinguished from commercial insurance by looking at the nature of the contract, where the company's board of directors acts as an agent for the participants in handling compensation and investing funds. To understand the foundations upon which cooperative insurance companies are based, one can refer to the mentioned fatwas. For maximum benefit, it is advisable to consult specialized scholars in the inquirer's country.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
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Ftawy
Original fatwa ID
113738
Imported
Translation status
Source text, unreviewed
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