Insurance Terms

Insurance companies do not transfer risks for numerous reasons. First, let's talk about what transfer of risk is and how...

Takaful refers to a cooperative form of insurance governed by Shariah law. Takaful members contribute to a pool of funds...

Leaving your car safely in the parking lot as you run out to the grocery store, you return to find...

Imagine this: you wake up in the morning after an overall stressful day—you are going through your daily routine: shower,...

A critical aspect of a responsible financial plan is to insure yourself. The choice between Takaful and conventional insurance is...

Fiscal matters can be complex to manage, even at the best of times. This fact is made even more pronounced...

Owning a car comes with a great feeling. However, owning a car comes with its responsibility. It will help if...

It would be frustrating to spend a lot of time and money replacing your aging roof only to have a...

Third Party Property Damage Liability Insurance is one of the most basic auto insurance policies that drivers must-have. You can...

Takaful is an Arabic term which translates to "solidarity" or "mutual guarantee," wherein members pool their financial resources to safeguard...