Is subscribing to a pension scheme, in which you pay an annual sum and then receive a larger sum upon retirement age, impermissible?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Insurance is of two types: Commercial, which is forbidden, based on (excessive uncertainty/risk) and profiteering; and Takaful (cooperative), which is permissible, based on cooperation and collective bearing of risks, and not for the purpose of profiteering. If the company is commercial, it is not permissible to subscribe to it, but if it is Takaful, then it 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/187078
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- Ftawy
- Original fatwa ID
- 187078
- 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