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Takafulink

Posted by yasser anas on September 05, 2016

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Takafulink ensures your family's financial future

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Takaful Term 80

Takaful Term 80 is an Ordinary Family Regular Contribution Plan which is tailored to provide financial protection for your loved ones with a very affordable contribution. It offers flexible term of coverage with choice of terms from 5 years until expiry age 80 years old. Go to Zurich Takaful for more info

Takaful insurance concepts

Takaful insurance concepts are derived from Syariah concepts which are born from Islamic teachings. While conventional insurance is in no way illegal, there are certain aspects of it that breach Syariah law. Under Syariah compliant insurance policies, it uses Aqad which are actually contracts. These contracts must be free of Riba , Maisir and Gharar . What do these Arabic words mean? Riba - Refers to interest which are related to the investments made by the insurance companies. Maisir - Refers to elements of gambling where the business could be unstable and gambling on the outcome of its profit margins. Gharar - is actually defined as unpredictable conditions that are beyond the control of the company. Gharar and Maisir are very much inter-related, in that they correspond to anything that leads to too much uncertainty and an inability to be clearly define terms or conditions of its dealings. To simplify how their investment portfolios work, a takaful in...

What is takaful

Takaful is a type of Islamic insurance, where members contribute money into a pooling system in order to guarantee each other against loss or damage. Takaful -branded insurance is based on Sharia, Islamic religious law, and explains how it is the responsibility of individuals to cooperate and protect each other. https://en.wikipedia.org/wiki/Takaful

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