Search Islamic Finance Answers

1,000+ scholar-approved answers and growing...

Returning Excess Collected For Premiums
Takaful insurance is purchased for a project to construct headquarters for a certain amount of premium giving coverage for labour and materials etc.

Additional contracts are concluded with subcontractors for safety, electricity, air-conditioni
It is not lawful for the bank to keep any amount in excess of the premiums to be paid; it must be returned to the subcontractors.

ASK AN ISLAMIC FINANCE QUESTION

Each question is reviewed by an Islamic finance expert and approved by a scholar.

Ask Now »

SEARCH ISLAMIC FINANCE Q&As

Browse one of the world's largest database of Islamic finance Q&As available online.

View details »

What’s New at Ethica

Press releases, live events, book recommendations, discount offers, and more

View details »