Tag Archives: Shariah compliance insurance

How is takaful different from conventional insurance? (Prudential BSN Takaful)

prudential bsn takaful - How is takaful different from conventional insurance? (Prudential BSN Takaful)

Takaful is based on Islamic principle of Shariah as compared to conventional insurance. It involves participants reaching a common agreement to guarantee each other against defined loss of damage by contributing Tabarru’ (donation) to the Takaful funds. However, it still shares the same main objectives with conventional insurance that is to provide protection to you, your loved ones and your valuable possessions.

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Prudential BSN Takaful