Is profit from selling shares in a loan company permissible or forbidden, and is working as an insurance agent suspicious, and what should one do with the profit if it is forbidden?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the bank is usurious (Riba-based), and the capital acquired from it is unlawful (), then it must be disposed of by spending it on the interests of Muslims or giving it to the poor. The worker may not benefit from it unless he is poor and in need, in which case he may take from it only what he needs. As for working for commercial insurance companies, it is unlawful (haram), whereas Takaful (Islamic cooperative) insurance is permissible. If the bank is Islamic, then what is earned from it is lawful (), and it is permissible to benefit from it, but it is not permissible to invest it in unlawful areas.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/105201
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 105201
- 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