What is the ruling on the cooperative Takaful program offered by Bank AlJazira as a Shariah-compliant alternative to life insurance?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
We have no knowledge of the reality of the program offered by the bank to judge it, for judgment of a thing is a branch of its conception. The difference between cooperative and commercial insurance has been previously explained in previous fatwas. If the aforementioned insurance meets the conditions of cooperative insurance, 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/72449
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 72449
- 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