On my previous post I touched upon Islamic Insurance. Today I wanted to share this diagram that I got from Islamic Finance Roadshow yesterday. The diagram beautifully explains how the conventional insurance and Islamic Insurance (Takaful) work. As the proverb says “a picture is worth thousand words”
READ THAT AND SEND ME COMMENTS PLZ.
Pak Kuwait Takaful Company Limited is the first islamic insurance company in Pakistan making it the most experienced and financially strong Takaful operator. Pak-Kuwait Takaful believes in promoting the cause of Takaful as well as promoting the insurance business in a Shariah Compliant way all over Pakistan. With an initial paid up capital of Rs. 250 million and an [...]
For 60 years, progressives, liberals, and most Democrats have stood for universal health care, paid for by progressive taxes, and available to all Americans from birth ’till death. The Obama administration and Congressional Democrats have now stood that goal on its head with a bill that purports to provide health care to the uninsured by [...]
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