What is the Purpose of Insurance?

What is the Purpose of Insurance?

In today’s ever-changing world, uncertainties are a constant, whether it’s a natural disaster, a medical emergency, or an unexpected loss of income. To safeguard against these uncertainties, individuals and businesses alike turn to insurance as a vital tool. But what is the actual purpose of insurance? How does it benefit policyholders, and why is it … Read more

The Importance of Insurance Renewal

The Importance of Insurance Renewal

In today’s uncertain world, insurance serves as a crucial tool for mitigating financial risks and ensuring long-term protection against unexpected events. Insurance policies, whether for health, motor, home, or life, provide peace of mind and security. However, one essential aspect that every policyholder must understand is the insurance renewal process. This article will walk you … Read more

Is Insurance Halal in Islam?

Is Insurance Halal in Islam?

In the modern world, one of the most common concerns for Muslims seeking financial security is whether insurance is halal (permissible) or haram (forbidden) under Islamic principles. Insurance, especially life insurance, is designed to mitigate risk and offer protection against uncertain events, making it an essential part of financial planning in many societies. However, Islamic … Read more