Jumat Khutbah: Takaful (Mutual Support) Vs Insurance - Ustaz Jameel Labaran

83 views · Published 14 March 2017 · 9:33 · Indexed 21 October 2026

Channel: I-Media TV · 2017 · Education

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Ustaz Jumat Labaran discussed the concept of Islamic Insurance. Insurance is a risk sharing between the Insurer and the insured.

He stated that Islamic scholars have prohibited the modern day Insurance due to gharar and riba. In this vein, it is wrong for Muslims to engage in it.

Thus, Takaful is an alternative to the conventional insurance that flout fundamental laws in Islam.

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