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Understanding Takaful: Islamic Insurance Basics by Tariq Hussain is a document available to read on EtoBox.
Takaful, or Islamic insurance, is based on the principles of mutual assistance and voluntarism. It involves participants contributing tabarru, or voluntary contributions, to a shared fund that provides financial assistance to members who experience defined losses. There are different models of takaful, but they commonly involve a waiver fund managed by a takaful operator according to an agency agreement, with investments made in Sharia-compliant modes. Takaful differs from conventional insurance in that con
- Author
- Tariq Hussain
- Language
- EN