What is the ruling on working for cooperative health insurance companies in the Kingdom of Saudi Arabia, and how can we ascertain their Shariah compliance?
Work in insurance companies depends on the type of insurance; what is permissible, it is permissible to work in, and what is unlawful, it is not permissible. Cooperative insurance, regulated by principles, is permissible. It can be distinguished from commercial insurance by looking at the nature of the contract, where the company's board of directors acts as an agent for the participants in handling compensation and investing funds. To understand the foundations upon which cooperative insurance companies are based, one can refer to the mentioned fatwas. For maximum benefit, it is advisable to consult specialized scholars in the inquirer's country.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Original fatwa ID
- 113738
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- . 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