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takaful vs insurance n.
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TAKAFUL VS INSURANCE PowerPoint Presentation
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TAKAFUL VS INSURANCE

TAKAFUL VS INSURANCE

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TAKAFUL VS INSURANCE

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  1. TAKAFULVSINSURANCE

  2. Financial system Insurance Banking Commercial Insurance (Conventional) Takaful (Islamic)

  3. insurance Life Insurance Medical Insurance General Insurance Others

  4. Concept: Insurance : buy and sell contract. Takaful :donation contract.

  5. takaful Mutual responsibility Mutual cooperation Mutual protection

  6. Easy words: Through insurance a person buys security and protection.

  7. Easy words: In takaful, members contribute money into a pooling system in order to guarantee each other against losses or damages.