Is a life insurance policy, which becomes payable after a specific period with profit, or upon death with the profits of that period, permissible or forbidden?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Commercial life insurance contracts are prohibited. Whoever participated in one out of ignorance must revoke it if possible; otherwise, they may benefit only from what they contributed. As for the surplus, it must be disposed of by spending it on the welfare of Muslims or on the poor. Cooperative takaful insurance, however, is permissible.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/141472
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 141472
- 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