What is the difference between cooperative insurance and commercial insurance?
Machine translationRead the Arabic original
Question:
May Allah reward you, Your Eminence, father. The questioner asks: What is the difference between commercial insurance and cooperative insurance?
Answer:
Cooperative insurance is not intended for investment, and nothing returns to the contributor except the premium. As for commercial insurance, it is intended for investment and commercial return for its owner. Therefore, the scholars distinguished between them in their rulings. Yes.
May Allah reward you, Your Eminence, father. The questioner asks: What is the difference between commercial insurance and cooperative insurance?
Answer:
Cooperative insurance is not intended for investment, and nothing returns to the contributor except the premium. As for commercial insurance, it is intended for investment and commercial return for its owner. Therefore, the scholars distinguished between them in their rulings. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [2434- 4717] ما الفرق بين التأمين التعاوني والتجاري؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.