Fatwa’s passed on Takaful

Posted by Admin - March 23, 2011 - Ammanah Articles - No Comments

 

Fatwa’s passed on the acceptance of Takafol internationally:

 

  • Council of Saudi Ulama (1397 Ah/1977 CE) resolution
  • Fiqh Council of Muslim World League (1398/1978) resolution
  • The Islamic Conference,Mecca,October 1976
  • First International Conference on Islamic Economics, Mecca February 1976
  • Islamic Fiqh Week Conference, Damascus 1961
  • Second Conference of Muslim Scholars, Cairo 1965
  • Fiqh council of Organization of Islamic Conference, Mecca(1405/1985)

 

The Majority viewpoint by Islamic scholars is that Takafol (cooperative insurance) is fully consistent with Shariah principles. This perspective is upheld by these numerous meetings and resolutions.

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