Is the amount received from selling the prohibited insurance shares, which my father bought for me, considered entirely unlawful or only a portion of it?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Insurance is of two types: permissible, which is cooperative insurance, and it is permissible to own its shares and trade in them. The second type is prohibited, which is commercial insurance based on (excessive uncertainty/risk), and it is not permissible to engage in it or own its shares. For whoever owns shares in it, they must withdraw them and donate whatever exceeds the original value of the share. The original value of the shares and any permissible profits generated from them are lawful for them.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/67875
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- Source platform
- Ftawy
- Original fatwa ID
- 67875
- Imported
- Translation status
- Source text, unreviewed
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