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Takaful: Halal Insurance Explained by usman is a document available to read on EtoBox.

Conventional insurance is deemed haram in Islam due to its elements of riba, gharar, and maysir. Takaful, or Islamic insurance, is presented as a halal alternative based on mutual cooperation and risk-sharing. In cases where insurance is legally required, such as car insurance, it is permissible to obtain the minimum necessary coverage out of necessity.

Author

usman

Language

EN