Insurance: Halal or Haram? — Practical Islamic Finance
https://youtube.com/watch?v=B8S5H2Wrv_I%3Fversion%3D3%26rel%3D1%26fs%3D1%26autohide%3D2%26showsearch%3D0%26showinfo%3D1%26iv_load_policy%3D1%26start%3D142%26wmode%3Dtransparent The average Muslim thinks conventional insurance is Haram, Is this true? via Insurance: Halal or Haram? — Practical Islamic Finance
Why do we need Insurance?
Insurance is all about minimizing the financial consequence of a risk that materializes. Insurance transfer the financial consequence of a loss one suffers to an Insurance company for a relatively small amount of money known as premiums which are paid…
Insurance Series Blog Series No. 1 Introduction to Sharia Compliant Insurance – Takaful.
Islam has not prohibited insurance contrary to commonly held beliefs. As far as the concept of insurance in Islam is concerned, it is to cover the risk of loss, or the “fortunate many helping the unfortunate few”. This concept is…
Introduction to Risk Management
Risk Management has numerous definitions usually based on the context in which it is being discussed among these are: “Risk management is formal process that enables the identification, assessment, planning and management of risk.” (Merna and Al Thani 2010) COSO…