What is Islamic Insurance or Takaful?
By Sherzod on Mar 21, 2009 with Comments 8
On my previous post I touched upon Islamic Insurance. Today I wanted to share this diagram that I got from Islamic Finance Roadshow yesterday. The diagram beautifully explains how the conventional insurance and Islamic Insurance (Takaful) work. As the proverb says “a picture is worth thousand words” 
Courtesy of Salaam Halal Insurance
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- Roadshow: Conventional Finance or Islamic Finance.
- Islamic Finance Roadshow Update
- End Of Salaam Halal Insurance?
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Filed Under: Educational
salams bro
can you give an explainaion for this?
[...] What is Islamic Insurance or Takaful? | Ummah Design Blog [...]
Well what more can we expect Because of continuous economic downturn, many companies and business establishment were engaged in financial issues, they tend to get big loans in order for their business to survive in this time of depression.
Thanks Brother for explaining about Islamic insurance.
Assalamu Alaikkum
Dear Brother,
I would like to know more about Islamic Insurance. If i am preparing to a Insurance company in India, What i want to do for this?.
Expecting your replay.
Thanks & Regards,
Akbar.
[...] Cette fermeture, provisoire, a choqué certains assurés, dont le webmaster du site Ummah Design (End Of Salaam Halal Insurance?), lequel était si enthousiaste qu’il fit même un schéma pour expliquer la différence entre assurance conventionnelle et assurance islamique (takaful): What is Islamic Insurance or Takaful? [...]
@Akbar ,
AsSalamuAlaikum ,
im also working to setup Islamic Insurance Company. So can we share information about islamic insurance ?
i feel it will be mutually bebeficial.Inshaallah
Abdul Rahman
Assalamu alaykum brother Abdul Rahman,
Yes, That’s a great idea. Look forward to it, inshallah.
Wassalamu alaykum,
Sherzod