What is the ruling on working for an Islamic insurance company?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Permissible cooperative insurance is based on the participants' donations to compensate for damages, unlike commercial insurance, which is prohibited. If a person is compelled to have insurance, they must seek a cooperative or Islamic insurance company that adheres to rulings and has a Sharia supervisory board, bearing in mind that a company's mere declaration of being Islamic is not sufficient to deem dealing with it 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/90806
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 90806
- 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