Investing in medical services companies

Assalamu Alaikum,

Is it okay to invest in medical services companies, that are primarily health service and medical clinic providers but also may provide cosmetic services like plastic surgery? The second concern would be their fees are primarily built around insurance plans subsidizing the costs for users.

JazakAllah khair

Wa alaykum salaam,

As always, a Shariah screening is paramount before making any judgement on their Shariah compliance.

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Assalamu Alaikum,

@Mufti_Faraz_Adam does compliance according to an app like Zoya or Islamicly count as Shariah screening? For the average person, it is difficult to get access to IdealRatings or the holdings in Islamic indices which are approved by Shariah boards.


Wa alaykum salaam

Yes, you can follow the information on those apps.

I would recommend however you learn how to do Shariah screening at:

Assalamu Alaikum,

JazakAllah khair @Mufti_Faraz_Adam for all your kind help

So just to make this a bit more generic and help me understand - if a company provides (halal) medical services but makes money indirectly from the patient - via either the government (medicare plan) or insurance companies, is there anything wrong with this model in itself?

In principle, it would be acceptable for the doctor to receive his payment from the third party payment providers.

Allah knows best