5. Haram
• Interest (سود)
• Hope of more amount
• Direct and indirect interest
1. Commutative Contract
2. Interest business
Shari Hukam??
6. Haram
• Gambling (قمار)
1. The activity or practice of playing at
a game of chance for money.
2. The act or practice of risking the loss
of something important by taking a
chance or acting recklessly.
Shari Hukam??
10. Two points:
2.Practice of insurance
• Interest (سود)
• Gambling (قمار)
• Uncertainty (رغر)
Takaful??
11. End of Commutative Contract
Pool of Charity
Donation Program
There are three partner:
1. Takaful Company
(ameen,montazim)
2. Policy Holder
3. Common pool
Takaful??
12. Company model:
1. Waqaf pool
2. Share holder are founder
3. Members funds
4. Takaful operate is Motawali
5. Funds not for use
6. Takaful funds divided into
two :01-madrba account
02-Takaful account
Takaful??
13. Insurance Takaful
Two parties Three parties
One contract Many contracts
Funds belong to Funds belong to
company pool
Responsible for no responsible
cover risk
Surplus belong to Surplus for pol
company
Takaful??