Question

Do you think that Takaful products should be bought rather than sold? Discuss your views. (in 100 words)

Answer 1

Takaful products are those products which are representative of insurance in the Islamic world and these Islamic products are representing that members are insuring each others in a takaful insurance so I believe that the Takaful insurance would be rather bought them sold because the members need to insure themselves and they need to buy the product so they need to contribute into the fund also in order to protect each other so it can be said that Takaful products are are providing insurance to the members and hence this should be bought rather than this should be sold.