Understanding the difference between traditional insurance and Sharia-compliant solutions
| Aspect | Sharia-Compliant Takaful | Traditional Insurance |
|---|---|---|
| Foundation | Mutual cooperation (Ta'awun) and shared responsibility | Risk transfer and commercial profit |
| Investment | Halal investments only (no alcohol, gambling, interest) | Any profitable investment including Haram sectors |
| Surplus Distribution | Shared among participants after reserves | Retained by insurance company |
| Ownership | Participants own the fund collectively | Insurance company owns all premiums |
| Uncertainty (Gharar) | Minimized through transparent terms | Often contains excessive uncertainty |
| Religious Oversight | Sharia Supervisory Board approval | No religious oversight required |
| Inheritance Distribution | Follows Islamic inheritance laws (Mirath) | Based on nominated beneficiaries only |
Advanced algorithms ensure accurate Islamic inheritance distribution according to Sharia law.
Connect with Islamic communities and access resources for comprehensive estate planning.
Every feature is reviewed and approved by our qualified Sharia Supervisory Board.
Members help each other in times of need, creating a supportive community rather than a profit-driven relationship.
All investments and returns are free from interest, ensuring complete Sharia compliance.
Clear terms and conditions with no hidden clauses or excessive uncertainty (Gharar).
Inheritance is distributed according to Islamic law, ensuring fairness and divine guidance.
Join thousands of Muslims who have chosen Sharia-compliant inheritance planning