whats the difference between takaful and conventional fire insurance?
where can i buy it from ?
Household takaful fire insurance
Household takaful fire insurance
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Mar 9 2010, 03:48 PM, updated 16y ago
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#1
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Senior Member
2,276 posts Joined: Jan 2003 From: subang, sunway, puchong, pj -- does_this_annoy_you? |
whats the difference between takaful and conventional fire insurance?
where can i buy it from ? |
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Mar 9 2010, 06:02 PM
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#2
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Senior Member
5,612 posts Joined: Jan 2009 |
they are the same...just that takaful has mudarabah scheme.....
if you are not aware, i would suggest you stick to conventional type...... |
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Mar 10 2010, 11:01 PM
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#3
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309 posts Joined: Jun 2008 From: kajang |
QUOTE(sootienann @ Mar 9 2010, 03:48 PM) the protection is just the same.the difference is on how they handle the money you paid to them. if takaful, a small portion of the money will put into a fund. we as the takaful holder become one of the member of this fund. then, if one of the fund member's house got fire or anything covered by the takaful protection, the money from the fund will be used to pay the claim. a sort of "sharing is caring" basis la.. |
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