Adam Haris

Takaful is often considered more favorable than conventional insurance due to its ethical and religious compliance, transparent profit-sharing model, and community-focused approach. It operates on principles of mutual cooperation where participants share risks collectively rather than transferring risks to an insurance company. The system ensures that investments are ethically managed, surplus profits are distributed among … Read more

To cancel your Etiqa Takaful insurance, you can contact Etiqa’s Customer Service at 1-300-13-8888 or visit any Etiqa branch. You will need to submit a cancellation request form and provide your policy details. For online cancellation, you can email documents to [email protected]. Remember that cancellation may be subject to terms and conditions, including potential charges … Read more

Tabarru’ in takaful is a fundamental Islamic concept meaning ‘donation’ or ‘contribution,’ where participants voluntarily contribute to a mutual fund to help other participants in times of need. This donation is made with the explicit intention of providing mutual help and solidarity, not for commercial gain. It forms the core principle that makes takaful Shariah-compliant … Read more

The fundamental difference between takaful and conventional insurance lies in their core principles and operational structures. Takaful is based on Islamic principles of mutual cooperation (ta’awun) and donation (tabarru’), where participants contribute to a shared risk pool to help each other in times of need. Conventional insurance, however, operates on a risk transfer model where … Read more

The main difference between motor takaful and motor insurance lies in their fundamental operating principles and structures. Motor takaful is based on Islamic principles of mutual cooperation (ta’awun) where participants contribute to a shared pool (tabarru’) to help each other in times of vehicular loss or damage. In contrast, conventional motor insurance operates through a … Read more

Takaful is an Islamic insurance concept based on the principles of mutual cooperation (ta’awun) and donation (tabarru’), where participants contribute money into a pooling system to guarantee each other against specific losses or damages. Unlike conventional insurance, Takaful operates in accordance with Shariah law, avoiding elements of riba (interest), gharar (uncertainty), and maysir (gambling). The … Read more