Understanding Insurance

16. Reading Fatwa no. 53 /DSN-MUI/III/2006 on the Contract of Tabarru’ in Islamic Insurance

In the last two articles Conventional Insurance vs Islamic Insurance: Relationship between¬†Parties and Conventional vs. Islamic Insurance: The Roles, Rights and Obligations of the¬†Parties, we have discussed how structure of Islamic insurance is different from conventional. The difference is so fundamental leading to different roles, rights and obligations of the parties involved. We should also… Continue reading 16. Reading Fatwa no. 53 /DSN-MUI/III/2006 on the Contract of Tabarru’ in Islamic Insurance