The Insurance Document of Islamic Life Against losses and risks is a type of insurance that corresponds to the provisions of Islamic Sharia. This type of insurance aims to provide financial protection for family members in the event of unexpected events that lead to financial losses, such as the death of the breadwinner or total deficit. These documents are designed in a way that avoids usury (benefit), vanity (suspicion) and facilitator (gambling), which are prohibited in Islamic law.

The components of the Insurance Document of Islamic Life:

Participate in the risks:

The Islamic Insurance Document depends on the concept of cooperation and solidarity between the participants in the document. All subscribers contribute to a joint box that is used to compensate for the damage and losses that a subscriber is exposed to.

Speculation:

In some documents, the funds collected by the insurance company are managed on the basis of speculation, where the funds are invested in halal projects and the profit is divided between subscribers and the company according to a pre -defined agreement.

Takaful:

Participants are committed to submitting periodic contributions (subscriptions) to the Takaful Fund, and these contributions are used to compensate those affected by subscribers in the event of a loss or risk covered.

Donation:

The contributions offered by the subscribers are a donation to the Takaful Fund, not a payment of traditional insurance premium. This donation is used for insurance purposes and helping others in society.

The main characteristics of Islamic insurance:

Compatibility with Sharia: All operations and practices related to the insurance policy are compatible with Islamic law, including investing in halal projects and avoiding usurious transactions.

Credibility and transparency: The money is managed with transparency and credibility, and the subscribers are aware of how to use and invest money.

Flexibility: The document provides coverage for a variety of risks, such as death, disability, and serious diseases, with the possibility of adjusting the document according to the needs of the subscriber.

the benefits:

Family Protection: The document provides financial protection for family members in the event of a loss of breadwinner or inability to work.

Takaful and solidarity: enhances the spirit of cooperation and solidarity between members of society.

Halal Investment: It allows subscribers to invest in halal projects that achieve legal returns.

The Islamic Life Insurance Document is an ideal choice for individuals who seek financial protection compatible with their Islamic values ​​and beliefs.

A life insurance document against losses and risks for free for a period of 5 years renewed with the annual contract