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14 November 2019 Azahari

Takaful is Islamic insurance based on the principle of mutual assistance (takaful) and voluntary contribution, where the risks are shared collectively and voluntarily by a group of participants. It has been developed in the past 30 years as a Shariah (Islamic law) compliant alternative to conventional insurance, which is forbidden under Shariah because it contains elements of uncertainty and unclear terms (gharar), excessive risk taking (maisir), payment/receipt of interest (riba), and risks which are forbidden (haram) in Islam e.g. alcohol, gambling.

  • RM 190.00

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