The Cooperative Insurance Company and United Company for Installment Sale

A: The type of insurance mentioned in the enclosed paper ascribed to the Cooperative Insurance Company and United Company for Installment Sale, is an unlawful commercial insurance upon which applies the resolution issued by the Council of Senior Scholars no. 55 in 4/4/1397 A.H. The insurance company tries to deceive people by mentioning that the Council of Senior Scholars has admitted cooperative insurance as a permissible type of insurance just to justify its activity.