1. TAKAFUL VS INSURANCE

2. Financial system Banking Insurance Takaful ( Islamic ) Commercial Insurance (Conventional)

3. A policy from a large financial institution that offers financial protection against future losses or damages. INSURANCE Is an Islamic insurance concept which is grounded by observing the rules and regulations of Islamic law. (license) TAKAFUL

4. Easy words: Through insurance a person buys security and protection.

5. insurance Life Insurance Medical Insurance General Insurance Others

6. Commercial INSURANCE Al-Gharar (Uncertainty) Al-Maisir (Gambling) Riba (Interest)

7. takaful Mutual responsibility Mutual cooperation Mutual protection

8. TAKAFUL Mudharabah model (profit sharing) Wakalah model (agency) Combination of both