The Ruling on Participating in Social Insurance

Question:
Another person says: I hope this question will be presented, as I have sent it several times every week for a while and have submitted it at the beginning. This question is important to me, as I want to participate in social insurance in Egypt, and the scholars are divided between those who permit it and those who forbid it. We ask that it be presented to Your Eminence so that we may know the definitive ruling on this matter, as I want to participate in the insurance, and it is possible that this will be the last session of this month. What is the ruling on participating in insurance?

Answer:
It is not permissible to participate in it, because it contains riba (usury or interest). It contains interest; we have not learned of any other terms, but it contains interest, so it is not suitable. One participates in it: if he pays something from his salary, they give him an increase. If he pays ten from his salary, they give him an increase after several years. They accumulate the increases for him and give him interest. Therefore, it is not permissible. As for insurance without interest and without anything else, meaning he is employed to do such and such, and he works and receives his full salary without any increase or anything, there is no harm in that. But as for those who agree with him to give the company or institution a specific amount from their salaries, such as ten percent, on the condition that the institution gives them multiples of that amount after one year, or after three or four years, in exchange for this, this is not permissible. Yes.