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Jul 21, 2021 · Takaful is a type of Islamic insurance wherein members contribute money into a pool system to guarantee each other against loss or damage. Takaful-branded insurance is based on sharia or...
Takaful is commonly referred to as Islamic insurance; this is due to the apparent similarity between the contract of kafalah (guarantee) and that of insurance. However, takaful is founded on the cooperative principle and on the principle of separation between the funds and operations of shareholders, thus passing the ownership of the Takaful ...
About the fund. Fund type. Thematic Fund. Launch date. 1 Sep 1995. Investment objective. To achieve long-term capital appreciation by investing in a diversified global portfolio of equity securities issued by companies considered to be in compliance with Islamic guidelines.
Takaful (Arabic: التكافل, sometimes translated as "solidarity" or mutual guarantee) is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or sharia-compliant alternative to conventional insurance, which contains riba (usury) and gharar (excessive uncertainty).
Jun 5, 2024 · Takaful insurance, often referred to as Islamic insurance, is a cooperative risk-sharing system based on Islamic principles. The word ‘Takaful’ originates from the Arabic root ‘kafalah’, which means ‘guaranteeing each other’.
Serving the modern Takaful insurer. Our consultants offer specialised services in life insurance and financial services, investment, property and casualty insurance, employee benefits and healthcare.
Sep 24, 2021 · Takaful is financial planning and coverage that’s compatible with Islamic law. If you take up a takaful certificate, your money or donation is pooled with that of others, and managed on your behalf by a takaful operator.
Takaful and insurance are very important as they perform the essential function of providing a financial safety net in the event something unexpected happens to you, such as developing a critical illness, getting into an accident, incurring loss of property, or even death.
"Takaful" Insurance is a product presented by Islamic banks against potential threats on properties, health, work and income. The main difference between conventional insurance and "Takaful" insurance is that the former has uncertainty or "Gharar" in Sharia' terminology, since the client pays a certain amount of money but doesn't know precisely ...
Takaful is a type of Islamic insurance that operates on the principles of mutuality and cooperation. It is an alternative to conventional insurance, which is based on the concept of risk transfer.
