What is Islamic Insurance or Takaful?
By Sherzod on Mar 21, 2009 with Comments 16
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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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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
very informative,you can also visit safeworldinsurance.com.it is also informative.
very informative,you can also visit safeworldinsurance.com.it is also informative…………
Salam. I wish to seek your permission to copy and use the picture of insurance vs takaful. Thank you.
Assa lamu Alaikum,
I absolutely love your website.
Keep up the good work.
The conventional insurance model diagram 21/3/2009 is excellent.
Do we have permission to use it in a presentation for a new not for profit NGO?
Faadilah Gierdien
Assalamu alaykum,
The diagram was taken from one of the Events we attended some time ago. I suppose you can use it as long as you state that it is a courtesy of Salam Insurance or something similar Inshallah.
WA
assalam. I wish to seek your permission to copy and use the picture of insurance vs takaful. Thank you.
[...] the surplus would normally go back to the participants in proportion to their contributions. Comparison between Takaful and Conventional Insurance The following are some basic differences dist…rance and takaful (Islamic insurance): 1) Riba exists in conventional insurance in two forms: [...]
its good and easy to understand thank you for the information