Thursday, December 31, 2009

2010


Wednesday, July 15, 2009

WHAT IS INSURANCE & TAKAFUL

Hi
Do you know what is the differentiation between insurance and takaful?
INSURANCE is the transfer of risk by an individual, such as yourself, or an organisation, such as your business, to the insurance company. You or your organisation will thus be known as the policy owner. The insurance company receives payment in the form of premium and will compensate you in the event of losses or damages sustained by you.
TAKAFUL is a protection plan based on Shariah principles. By contributing a sum of money to a common takaful fund in the form of participative contribution (tabarru’), you undertake a contract (aqad) to become one of the participants by agreeing to mutually help each other, should any of the participants suffer a defined loss.

WELCOME TO INSURANCE WORLD

Hi
Welcome to my blog.
We will discuss about the insurance and takaful, why people need insurance, how to choose the right insurance policy, type of insurance and takaful, insurance and takaful operator in Malaysia etc.

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