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Insurance Claim On Compulsory Insurance
If one is legally obligated to purchase insurance, it is an obligatory condition that if the policyholder receives any monetary benefits from the...
 
Items Of Fluctuating Value
The valuation of such possessions of the bank should be carried out when the Takaful contract is contracted for. The premiums must be determined...
 
Insuring Cash, Cheques And Trade Bills
It is permissible to insure such items on the condition that the amount of Takaful coverage is commensurate with the amounts of the trade bills and...
 
Insuring A Client's Payments
Insurance for payments owed by a client is a form of suretyship or kafalah for debt. In this case the surety is the insurance company and since it...
 
Islamic Alternative To Conventional Insurance
Conventional insurance is not permissible. Islamic cooperative insurance or Takaful is a possibility but offered as a stand-alone product.
 
Accepting Benefits Greater Than Actual Loss
It is not lawful to accept benefits greater than the amount of actual losses incurred based on the annual payment of premium that insures a greater...
 
Transferring A Right To Benefits
It is lawful to transfer a right to benefits from a Takaful insurance plan to the purchase pledger at the conclusion of a Murabaha sales contract,...
 
Permissibility Of Health Insurance
Whether an insurance arrangement is mutual or non-profit does not make it Islamic. What makes Takaful Shariah-compliant is the overall structure...
 


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