Understanding Shariah-compliant Life Insurance -Takaful | Policybazaar.ae with Salama
Takaful is built around the idea of mutual protection, where participants contribute to a shared pool that helps provide protection when a claim arises. But there’s much more to the model, from the concept of Tabarru’ and the Participants’ Takaful Fund to mutual guarantee, Kafala, and much more!
In the latest episode of The Policy Project, Atul Kathuria, Business Head of Life Insurance at Policybazaar.ae, sits down with Junaid Khan, Head of Life & Wealth at SALAMA, to break down Takaful in simple terms and explore how the model works in practice.
The skinny
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