To what extent is dealing with Nile Family Takaful Insurance Company permissible, knowing that it is a company that applies Islamic Sharia in its dealings, is monitored by a Sharia supervisory board from Al-Azhar Al-Sharif, and adopts an investment and takaful accounting system based on Mudarabah and donation, dividing profits 80% for the participant and 20% for the company?

The description of the company's system indicates that its insurance is cooperative and permissible, as long as the company has a reliable Sharia (definition) supervisory board overseeing its transactions. The company's role is to manage the subscribers' premiums as an agent or hired worker, and to cover damages from the premiums collected from employees, among themselves. The company has no relationship with these premiums except that of a hired agent or a working partner (mudarib). Therefore, there is no objection to subscribing to its insurance system.