An Introduction to Takaful – An Alternative to Insurance By (Muhammad Ayub)∗ Islamic finance has developed mainly in two directions namely Islamic banking and Islamic insurance (Takaful). While information about Islamic banking is being increasingly disseminated‚ features‚ models and structures of Takaful are little known particularly in Pakistan. Purpose of this brief article is to describe main features and models of Takaful system operating in various parts of the world. All human beings
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if you have foundation problems‚ a call to your insurance agent will likely lead to disappoint. The key concept behind most insurance coverage is that it covers sudden and accidental losses from theft‚ flood or fire damage. Because foundation damage occurs due to soil conditions or lateral water pressure‚ neither can be classified as sudden or accidental. While it is one of the most expensive repairs homeowners will face‚ the majority of insurance companies will not cover it. They classify it as
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discussions about the mental health cases. Imagine if we could minimize the amount of these cases of people could easily receive help but many can not access to insurances that specialize in this category. Those who need help in being in a stable state of mental health sometimes unintentionally lead to dangersome effects. Health insurance should cover more for health illnesses. First of all ‚ many people have cases of mental illnesses. Michelle Singletary‚ found out from MentalHealth.gov that one
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In the state of Michigan‚ all drivers are required to carry what is commonly referred to as “no-fault” insurance coverage. One of the benefits of no-fault insurance is that your medical bills‚ rehabilitation and lost wages are all paid by your insurance company; you do not have to fight another driver’s insurance company for reimbursement and in general are not allowed to sue the other party for these costs as well. However‚ there are a few instances where Michigan’s no-fault rules don’t apply.
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Conventional insurance versus takaful- The Islamic insurance Insurance in Islam is essentially a concept of mutual help. Insurance business under conventional system is based on uncertainty‚ which is prohibited in Islamic society under Islamic principles. So there is need to clear the difference between the conventional insurance and the Islamic insurance. ------------------------------------------------- An insurance contract minimizes the risk of loss due to accident or ill-fated situation
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Student ID-2226357 DE-TARIFFING OF MOTOR INSURANCE – ITS IMPACT ON GENERAL INSURANCE INDUSTRY AND INDIAN ECONOMY Abstract Indian general insurance industry has encountered a radical change by being de-tariffed after 4 decades of tariff regime. Such a change did have a lot of impact on the premium growth‚ way of operation‚ profitability and loss ratios of the general insurance industry. This change fueled innovation in the general insurance industry which was deprived for past 4 decades
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medical records confidential. Disclosing patient health information is an violation of HIPPA (Health Insurance Portability and Accountability Act) and fines and criminal penalties can be imposed. Providers have an affirmative duty to patients and when failing to uphold their responsibilities to patients the provider could be held liable for damages. Medical office professionals can be
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Limousines are not just for rock stars or celebrities. Everyday people are finding that limousine hire offers a range of benefits. These benefits include providing privacy‚ a safe way to travel when in a new city‚ or helping to create a night to remember. A limo hire can also provide riders with much needed privacy. Many limousines are equipped with tinted windows. These windows allow passengers to look out but people on the outside are not able to look in. This is great for people that would
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Hart 1 Teenagers and young adults in today’s time usually have minds of their own. I honestly believe family‚ friends‚ and the media all play major parts in their lives and have great influence on them. Most people think that television‚ cellphones‚ and social networking are the causes of their corrupt minds‚ but in all reality every little aspect has influence on them in some way. Television‚ cellphones‚ and social networks‚ better known as “the media” plays a great influence on teenagers that’s
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AN ANALYSIS OF SAGICOR INDIVIDUAL LINE INSURANCE CUSTOMER VALUE DELIVERY Sagicor’s Individual Line Insurance Customer value delivery Student ID #’s 620015853 620021810 620018486 620021115 620019928 Dr. Lawrence Nicholson Mr. Kamau Chionesu Capstone Project SBCO6800 University of the West Indies Executive Masters in Business Administration Mona School of Business August 24‚ 2011 Delivering customer value ------------------------------------------------- Table of
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