Is the share of Doha Insurance Company forbidden or permissible?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
For shares to be permissible, the funds must be invested in a lawful business, and no part of the funds should be placed in interest-based banks. If the insurance is commercial, then participating in it is forbidden because it is a form of gambling. However, if it is cooperative and based on investing surplus funds in permissible projects and distributing the returns, then it is permissible.
Summarized from the full answer at Ftawy · imported
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- Ftawy
- Original fatwa ID
- 31412
- Imported
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- Source text, unreviewed
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