What is the ruling on working in a marketing job for AlJazira Bank's Takaful Ta'awuni (Cooperative Insurance) Department, given the scholarly disagreement regarding its permissibility?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Commercial insurance in all its forms is prohibited. As for the Takaful program at Bank AlJazira, it is permissible cooperative insurance, based on the principle of mutual guarantee (takaful) among policyholders. Furthermore, its contracts include an investment saving component that does not guarantee capital or profit, but rather relies on investing funds in murabaha transactions. It is permissible to work at Bank AlJazira, provided that one adheres to the decisions of the Committee.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/19530
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- Ftawy
- Original fatwa ID
- 19530
- 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