All Entries Tagged With: "insurance"

End Of Salaam Halal Insurance?

I was shocked when I got a letter from Salaam Halal Insurance saying that they are not accepting any requests for new quotations or contracts nor will they be renewing  existing ones. Moreover, surprisingly enough no reason was given of what led to such a decision. I checked their website (www.salaaminsurance.com) and it is the [...]

What is Islamic Insurance or Takaful?

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