Is working for a company that underwrites investment loans for unemployed people's projects permissible or forbidden, knowing that these loans involve interest?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Loan guarantee companies are a type of insurance company, and working for them depends on the type of insurance:
- If it is commercial insurance, then it is not permissible to work for them due to it containing (excessive uncertainty), gambling, and riba (usury). This is generally the case for companies that cooperate with usurious loans.
- If the company's system is based on Takaful (Islamic cooperative insurance), then there is no harm in working for them in what 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/133078
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 133078
- 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