Skip to content
Home » USA ISLAMIC INSURANCE – US TAKAFUL

USA ISLAMIC INSURANCE – US TAKAFUL

USA ISLAMIC INSURANCE - US TAKAFUL

What is an Islamic insurance in the USA ?

In the United State, Islamic insurance, or Takaful, is a cooperative risk-sharing arrangement where participants contribute to a common fund that is used to compensate members who suffer covered losses. Unlike conventional insurance, the aim is mutual assistance rather than profit from risk.