What is the ruling on subscribing to Al-Jazeera Takaful shares?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The permissibility of subscribing to shares in companies depends on the company's activity. We are unaware of the regulations of the aforementioned company, but for the purchase of its shares to be permissible, its activity must be permissible, and it must not place shareholders' funds in interest-bearing banks. Some specialists have issued fatwas (religious edicts) permitting subscription in it, including Dr. Saad Al-Khathlan, who stated that the company does not borrow with interest (riba), that its insurance is permissible cooperative insurance, and that it has oversight.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/135340
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 135340
- 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