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Islamic Finance Briefing - Categorized | Insurance (Takaful) more

Takaful vs conventional insurance

Posted on 09 February 2010

From Thefinancialdaily.com: Muslims cannot ignore the fact that they live, trade and communicate with open global systems, and they cannot ignore the need for banking and insurance. Takaful is an Islamic Insurance concept governed by Islamic rules and regulations (Shariah).
Islamic scholars feel that Muslims need a system which is governed by Islamic Laws so that they can compete with this fast moving world. This concept has been practised in various forms for over 1400 years………………………………….Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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