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Household takaful fire insurance

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SUSsootienann
post Mar 9 2010, 03:48 PM, updated 16y ago

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whats the difference between takaful and conventional fire insurance?
where can i buy it from ?
tengster
post Mar 9 2010, 06:02 PM

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they are the same...just that takaful has mudarabah scheme.....

if you are not aware, i would suggest you stick to conventional type......
budak_bagus
post Mar 10 2010, 11:01 PM

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From: kajang


QUOTE(sootienann @ Mar 9 2010, 03:48 PM)
whats the difference between takaful and conventional fire insurance?
where can i buy it from ?
*
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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