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Understanding tawarruq: a simple guide
In the realm of Islamic finance, the term ‘tawarruq’ holds significance as a financial arrangement designed to meet the principles of Shariah law. For those unfamiliar with Islamic finance, the concept may seem complex, but…
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Takaful vs. Conventional Insurance
In the world of finance, insurance plays a crucial role in safeguarding individuals and their assets. For young minds, understanding the basis of insurance can be a stepping stone to financial literacy. Two prominent concepts…
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What is profit and loss sharing?
Finance is a fundamental aspect of our lives, and understanding different financial systems is essential for making informed decisions. Islamic finance is a unique and ethical approach to managing money, and one of its core…
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What is takaful?
Insurance is a widely accepted concept that provides financial protection in case of unforeseen events. However, for Muslim individuals and communities, conventional insurance may raise concerns due to its non-compliance with Islamic principles, such as…
