Summary
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Takaful is a type of insurance which is Shariah-compliant
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Like conventional insurance, there are two types of Takaful coverage:
i) Family Takaful
ii) General Takaful
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The main differences between Takaful and conventional insurance are the exposure to risk, types of investments, and beneficiaries.
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The contributions for Takaful products are generally similar to conventional insurance
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Be sure to participate in Takaful plans from registered Takaful operators and agents