What Is Takaful Insurance In Urdu

Read on to find out more so you have more insurance coverage options and to help you pick the best type of coverage for your lifestyle.

What is takaful insurance in urdu. By virtue of our window takaful operations license innovative family takaful products are solutions are available for our customers which are 100 shari ah compliant. T he word takaful is derived from the arabic verb kafala which means to guarantee. We have also discussed the mechanism of the takaful fund and provided relevant examples. Igi life believes that this initiative will help in improving the acceptability of financial security amongst the society particularly in segments who have apprehensions about conventional insurance.

Islamic insurance is a term used for takaful that is a form of insurance based on principles of mutuality and co operation encompassing the elements of shared responsibility. Islamic concept of insurance future potentials of takaful takaful is an alternative form of conventional insurance based on the concept of shariah principles. Like it share health insurance for your parents. This lesson covers takaful its basic features and different models.

Takaful is a type of islamic insurance wherein members contribute money into a pool system to guarantee each other. An introduction to takaful islamic insurance in urdu. Muslim societies in different parts of the world are now practising takaul scheme as their own way of sharing financial responsibilities to assist each other. Especially in arabic english persian and urdu with significant contributions by both muslim economists and jurists.

Takaful is a system of islamic insurance based on the principle of ta awun mutual assistance and tabarru voluntary contribution where risk is shared collectively by a group of participants who by paying contributions to a common fund agree to jointly guarantee. Takaful booklet urdu introduction of islamic insurance free download as pdf file pdf text file txt or read online for free. September 16 2020. What is takaful islamic insurance takaful kya hai.

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 takaful proponents believe contains forbidden riba usury and gharar excessive uncertainty. Takaful branded insurance is based on sharia or islamic religious law and covers. To take care of one s needs.