In the modern economic era, Insurance has become an Integral part of our lives and an Islamic form of insurance has become an inevitable necessity. The idea of taking steps to protect against potential misfortune is supported by Sharia.
The Holy Quran describes how Prophet Yusuf (peace be upon him) filled the grain store with the excess resulting from seven years of good harvests to mitigate the effects of any future crop failure.
Islamic Insurance is based on the principle of communal responsibility, with profits and expenses alike shared by a group of people who pool resources in a mutual fund managed for them by the Insurance company 'Help ye one another in righteousness and piety, But help ye not one another in sin and rancor' (the Holy Quran, AI-Ma'idah - verse 2).
Today we are proud to present Boubyan Takaful Insurance, whose mission is to offer a comprehensive system of best-of-breed insurance and investment services in line with Islamic doctrine. |