Please enable JavaScript.
Coggle requires JavaScript to display documents.
Chapter Eight Session B - Coggle Diagram
Chapter Eight Session B
Functions of Islamic Takaful Insurance
It Achieves Security for The Insured
It earns legitimate gain
The profits of the shareholders' funds which are invested in
legitimate ways.
Fixed fees as an agency
Its share from the profits of Mudarabah
Islamic Takaful Companies are considered one aspect of the appropriateness and usefulness of the esteemed Islamic Shari'ah For All Ages
It Contributes to the building and prosperity of the economy and to the growth of economic enterprises:
developing and investing the shareholders' and the Insured's funds in
legitimate ways
recompensing losses by maintaining the things which are insured
creating many job opportunities, and thus limiting unemployment
finding means of respectful living in case of illness and disability
established and investing these funds for the benefit of the citizens
Islamic Takaful Companies Complement the Islamic Economic Cycle
Types of Islamic Takaful Insurance
Insurance Against Damages
Property Insurance
Liability Insurance
Civil Liability Insurance
Vocational Liability Insurance
Social Takaful Assurance
Insurance of Transport Risks
Hull and Marine Insurance
Land Transit,
Air Cargo
Engineering Insurances
Money Insurance
Export Insurance
Deposit Insurance
Debt Insurance
Legitimacy of Islamic Takaful Insurance
Those who Allow Islamic Takaful Insurance
Dr. Hussien Hamed Hassan
Mr. Mustafa Al-Zarqa
Dr. Ahmed Sa'id Sharaf Eddin
Dr. Mohamed Shawqi al-Fanajri
Dr. Abdallah Naseh Alwan
Dr. Al-Saddik Mohammad Al-Amin Al-Dareer
Those who Prohibit Takaful Insurance and their Evidence
Takaful Insurance Includes Usury
Takaful Insurance is Based on Gambling
Takaful Insurance Includes Gharar
Takaful Insurance is based on compensations
Our Point of View (Justification)
Their evidence is strong
The Evidence presented by those who prohibit Takaful Insurance
Group interpretation has legitimized this type of insurance
Qualities of Islamic Takaful Insurance
It is the Islamic substitute for
Conventional Insurance.
t it also goes beyond that to
earn profits
The fixed fees
Investing the policyholders' money in legitimate ways
investing Fund in legitimate productive
projects in Mudarabah.
collective Insurance contract
The premiums paid by the Insured's remain their own property
Technical and cognitive preference
Takaful Insurance is part of what is called donation contracts
Takaful Insurance is suitable as a substitute for Conventional
Insurance but different in its substance