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Takaful (Arabic: التكافل, sometimes translated as "solidarity" or mutual guarantee) [1] is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or sharia -compliant alternative to conventional insurance, which contains riba (usury) and gharar (excessive uncertainty). [2]
Additionally to extending the insurance coverage territorial scope such systems have the benefit for motorists to avoid the need to obtain insurance cover at each of the frontiers of the countries which they visit. There are multiple motor insurance systems around the world, established on regional basis. The first was the Green Card system ...
Takaful Malaysia was established on 29 November 1984 when the Government of Malaysia set up a task force to study the feasibility of establishing an Islamic insurance company in Malaysia. [2] The incorporation of Takaful Malaysia as the first takaful operator in the country was in the same year as the Takaful Act was enacted. [3]
Lisbon is the county seat of Columbiana County, Ohio, United States. [5] The population was 2,597 at the 2020 census. [6] Located along the Little Beaver Creek, the village is located 25 miles (40 km) southwest of Youngstown.
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The idea of founding Weqaya Takaful Insurance and Reinsurance company has been resulted from the convergence of investment and economic visions for a number of investment companies specializing in private investments with the experienced insurance technical vision and strategy for a number of insurance experts, known in the Kingdom of Saudi ...
Dover is a city in Tuscarawas County, Ohio, United States, along the Tuscarawas River. The population was 13,112 at the 2020 census. It is a principal city of the New Philadelphia–Dover micropolitan area, approximately 68 miles (109 km) south of Cleveland and borders the city of New Philadelphia.
A document covering only the insurance liability for injury, property damage, death, etc., caused by the vehicle to a third party (commonly known as third-party liability or an Act liability insurance is a legal requirement). Motor Insurance Package Policy (which covers risks including damage to the owner's vehicle and the third-party liability ...