Is personal and life insurance permissible in an Islamic Sharia-compliant insurance company?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Commercial insurance of all kinds is forbidden, with the exception of cooperative insurance based on donation and mutual assistance, not profit, which is permissible. As for life insurance, if it is with a commercial company, it is forbidden and invalid, because it is worse than other forms of insurance by relying on the insurance company instead of relying on Allah for the provision of sustenance, which puts a person's faith at risk.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/99135
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 99135
- 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