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Sharia Insurance: Advantages of Sharia Insurance

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Sharia Insurance is insurance based on sharia principles with help-to-help efforts (ta'awuni) and mutual protection (takafuli) among Participants through the formation of a pool of funds (Tabarru 'Fund) which is managed according to sharia principles to face certain risks. Here are some definitions in Islamic insurance as follows: A contract is a written agreement that contains certain agreements, including the rights and obligations of the parties in accordance with sharia principles. Akad Tabarru 'is a grant agreement in the form of granting funds from one Participant to the Tabarru Fund' for the purpose of help between the Participants, which is not for commercial purposes. Akad Wakalah bil Ujrah is a Tijarah Contract which authorizes the Company as a Participant's representative to manage the Tabarru 'Fund and / or Participant Investment Fund, according to the power or authority given, in return for a ujrah (fee). Mudharabah Agreement is a contract to provid...

Family Insurance for Accidents

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There are many examples of loss insurance that we can get from insurance companies. Today many insurance companies offer their products to protect or provide various financial assistance for us. Some insurance companies offer loss insurance. There are many things that are borne and the branch of the loss insurance is also very much. For those of you who want to get this loss insurance from a particular insurance company, it's a good idea to find out more about the branch of loss insurance. You will also get more information about one example of loss insurance, namely family insurance against accidents here. Branch of Loss Insurance There are a lot of things that an insurance company will cover if you choose this insurance. Below you will get information on some insurance branches that you can choose according to your needs. Loss insurance for property. This insurance will cover your property from the risk of fire, earthquake, industrial risk, and so on. Engineering loss insurance. ...