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Takaful is an Arabie word that means mutual protection and indemnity: one party, while providing help to others, is also indemnified by them. This idea
Takaful is an Arabie word that means mutual protection and indemnity: one party,
while providing help to others, is also indemnified by them. This idea of mutual
protection is in clear contrast to the profit motive which underlies conventional
proprietary insurance. Discuss elements of mutuality in conventional and Islamic
insurance.
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