COMPARATIVE ANALYSIS BETWEEN TAKAFUL AND CONVENTIONAL INSURANCE

Аннотация

Insurance is a way of safeguarding oneself against risks and uncertainties. It provides financial security in case of unexpected events. Insurance has been around for centuries, and over the years, it has evolved to cater to different markets and segments. In recent years, a new type of insurance has emerged, called Takaful Insurance, which is gaining popularity among Muslims. This article aims to provide a comparative analysis between Takaful Insurance and Conventional Insurance.