Back to search
The question

What is the ruling on working for a health coverage fund that collects compulsory contributions from employees and their employers to reimburse treatment expenses or cover percentages of surgery and delivery costs according to a specific regulation, while retaining any surplus in the fund?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

The fundamental difference between permissible cooperative insurance and impermissible commercial insurance lies in the ownership of the surplus. In cooperative insurance, the surplus is either returned to the policyholders or carried over to the following year as part of the fund's capital. In contrast, in commercial insurance, the surplus belongs to the insurance company, and this is prohibited because it involves consuming people's wealth unlawfully. Since the mentioned fund implements this clause, it appears that its system is cooperatively legitimate, but a definitive judgment requires reviewing all of its provisions.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
19376
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy