A lot of questions arise on how risk management can be done the Islamic way. This video answers how the concept of Risk Management evolved and what is the process behind Takaful (Islamic Insurance).
Important points from the video:
– Policyholders pool in money for uncertain events
– A Waqeel or takaful fund manager accumulates and manage the fund with a fee
– Fund is invested in Sukuks, Property and Shariah Compliant companies
– Fund is invested in Sukuks, Property and Shariah Compliant companies
– Policy Holders get a claim in case of unforeseen events like accident and emergencies
This post was last modified on September 23, 2020 7:32 am
Health insurance is an essential financial safety net that protects individuals and families from the…
Traditional insurance companies are not always the ideal examples of excellence in customer service. They…
Insurance planning is part of a long-term retirement strategy. However, managing insurance and its expenses can…
Life is full of uncertainties, and a very challenging event to deal with is the…
Economic uncertainty has become a recurring theme in the current world scenario. As consumers, we are…
Suppose you have a side gig driving for a company like In Drive or Careem.…
