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Hilal Takaful is a type of non interest and profits sharing insurance model that operates on the principles of Shariah law compliance Cover. Here are some key features:
1. Shared risk: Policyholders contribute to a pool of funds, which is used to co...
Scan QR
Hilal Takaful is a type of non interest and profits sharing insurance model that operates on the principles of Shariah law compliance Cover. Here are some key features:
1. Shared risk: Policyholders contribute to a pool of funds, which is used to cover losses and expenses.
2. No interest: Hilal Takaful does not involve interest or usury, which is prohibited in Islamic law.
3. No speculation: Investments are made in Shariah-compliant assets, and speculative activities are avoided.
4. Transparency: All transactions and investments are transparent and disclosed to policyholders.
5. Charity: A portion of the surplus funds is donated to charitable causes.
6. Shariah compliance: Hilal Takaful products are designed to comply with Islamic principles and are monitored by a Shariah Scholars board to ensure compliance.
Hilal Takaful offers various products, including:
1. Motor Takaful
2. Home Assets Takaful
3. Group Takaful
4. Commercial Assets Takaful
5. Industrial Takaful
The benefits of Hilal Takaful include:
1. Protection against unforeseen events
2. Compliance with Islamic principles
3. Shared risk and mutual support
4. Transparency and accountability
5. Contribution to charitable causes
If you have any Hb specific questions or would like more information, feel free to ask!
