Having Discuss the studies presented, after the deepened research in other
Forms and types and the principles underlying and targets
Intended to, and after the consider released by jurisprudential academies
And the scientific in this regard, he decided the following:
First, that the insurance contract with a the straight line commercial, which is dealing with commercial insurance companies which contract significant ambiguity invalidates the contract, and therefore it is forbidden in Islam.
Second, the the replacement contract that respects the assets of of the Islamic deal is a contract of insurance on the basis of existing collaborative donation and cooperationas well as the the case for re-insurance based on cooperative insurance.
Third, call the Islamic countries to work on the establishment of the cooperative insurance institutions, as well as cooperative institutions to re-insurance, to be free from abuse of Islamic economics, and violation of the system that is pleased with God to this nation.
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