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The question

Is participating in the employees' insurance fund permissible or forbidden, knowing that the fund invests money and grants loans with interest, and are the monies received by the employee at the end of service forbidden?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to subscribe to a fund that grants loans with usurious interest, because usurious interest is forbidden by the Qur’an, the , and the consensus of scholars. The subscriber must withdraw from it and take what he has paid, and dispose of any increase resulting from usurious interest or unlawful activity. It is permissible to establish a cooperative solidarity fund if it is regulated by controls, so that it does not involve injustice or what is forbidden, and is based on foundations that prevent gambling and demonstrate the spirit of cooperation and solidarity.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
99657
Imported
Translation status
Source text, unreviewed
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