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: FtawySummary from Ftawy's records · added here 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.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/67875
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 67875
- 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