Is subscribing to a private pension program permissible or forbidden, knowing that the subscription fee is 850 EGP per month for 29 years, and a pension of 4000 EGP is disbursed for life, or to heirs for a period of no less than 15 years in case of death?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to participate in cooperative Takaful insurance that adheres to principles, and it is not permissible to participate in commercial insurance based on (excessive uncertainty) and gambling.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/173931
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 173931
- 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