Back to search
The question

What is the ruling on subscribing to the aforementioned Takaful Fund, taking into consideration that it is optional, that the amount paid for the deceased varies depending on the loan balance, and that some subscribers have fully paid off their loans? And what should a subscribing employee do if the subscription is impermissible?

Share this answer

Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

There is no objection to subscribing to the Takaful fund if it is based on the principle of donation and its funds are not invested in prohibited areas. If the subscription is impermissible because the money collected therein is invested in a prohibited area, such as usurious banks, then the employee must cancel his subscription and reclaim its value, and complete the repayment of his loan from the savings fund. Upon his death, whatever remains due from him will be paid from his estate.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
142588
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
Read the full ruling
Read the full answer on Ftawy