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Life insurance is Halal in Islam only in the form of takaful. In takaful, the organization acts as the trustee of funds and the risk is mutually shared between the participants. It is Riba free because the investments are shariah complaint assets and terms of conditions are shariah monitored.
Life insurance is Halal in Islam only in the form of takaful. In takaful, the organization acts as the trustee of funds and the risk is mutually shared between the participants. It is Riba free because the investments are shariah complaint assets and terms of conditions are shariah monitored.
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