About
Takaful insurance is a cooperative system that allows members to pool their resources and support each other in times of need. Unlike conventional insurance, which operates on profit-driven principles, takaful is rooted in Islamic values, promoting mutual assistance and social responsibility. It functions on the basis of shared risk, where participants contribute to a fund that provides financial protection to those in need.
As for its permissibility, takaful is considered halal because it aligns with Shariah principles, avoiding elements like uncertainty (gharar) and interest (riba). This makes it an ethical alternative for those seeking insurance solutions. For those looking for reliable options, Takaful Bazaar offers a range of takaful products designed to meet your needs while upholding Islamic values.
Website
https://takafulbazaar.pk/travel
Contact Number
+9221111832682
E-mail Address
[email protected]
Founded in
2022
Country of Origin
Pakistan
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