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 a financial management tool that helps reduce the amount people will pay…
A health insurance policy provides financial protection against medical expenses, however, most insurance policies have…
As 2025 starts of, Pakistan’s insurance industry is experiencing significant transformation. From technological advancements to…
Life is full of twists, and though most people plan for the future, most of…
Who do you think needs life insurance the most? Traditionally, the answer was men, as…
What do you do if a sudden event wipes out a family’s savings or pushes…
