Briefly, takaful illustrates an insurance structure compatible with Islamic law. Every participant contributes a sum of money to a common takaful fund and agree to mutually help each other, should any of the participants suffer a loss as covered under the takaful contract. The operational framework of Takaful is free from elements of Riba (interest or usury), Gharar (unknown or ambiguity in the contract) and Maysir (gambling).
Nexus Insurance Brokers can advice you on how to prepare for your most treasured financial goals with the assurance that your savings and investments are aligned with Islamic laws and are founded on Takaful’s ideals of mutual cooperation, responsibility, assurance and protection. Your family’s future will be safe and secure with Nexus Shari’ah-compliant financial solutions.
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