What is Takaful Insurance: Perfect guide for Islamic Insurance

Takaful insurance and conventional insurance

Takaful Insurance is a legitimate (Halal) alternative to conventional Insurance based on Islamic Finance principles. Takaful is an Arabic word derived from the word “Kafala,” meaning guaranteeing each other. The decision of the Islamic Jurisprudence Councils has established Islamic Insurance. Takaful insurance companies were created as a different choice from regular insurance. Regular insurance is …

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