Definition and Benefits of Sharia Insurance: Is Welfare Truly More Assured?
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| Sharia insurance (doc. Ist) |
Printable.biz.id - Insurance is one of the essential aspects of human life. Today, Sharia insurance is available, offering various products that comply with Islamic law. Interestingly, the benefits of Sharia insurance are quite diverse.
On the other hand, Sharia insurance not only provides financial protection but also ensures compliance with Islamic law in every transaction. Moreover, Sharia insurance operates based on several principles, such as the prohibition of riba (usury), gharar (uncertainty), and maysir (gambling).
The Lesser-Known Benefits of Sharia Insurance
Sharia insurance has been around since the 1990s. Since then, its development has been rapid, and many people have started signing up for Sharia insurance. Below are some general benefits of Sharia insurance:
1. Financial Protection in Line with Islamic Principles
One of the benefits of Sharia insurance is providing long-term financial protection. This protection covers risks such as illness, accidents, death, or loss of property. Interestingly, this protection adheres to Islamic principles.
2. Welfare and Peace of Mind
With insurance products, you can live your life more peacefully. This is because unfortunate events can be managed more easily. Additionally, Sharia insurance also protects the lives of family members, providing greater peace of mind.
3. Halal Investment
Apart from the above benefits, Sharia insurance can also serve as a means of halal investment. Policyholder funds can be invested in Sharia-compliant stocks, Sukuk (Islamic bonds), or property investments that do not violate Islamic principles.
4. Fair Profits
Essentially, Sharia insurance offers fair benefits for both parties—policyholders and the insurance company. These profits are derived from the investment of policyholder funds and are distributed proportionally.
These are some of the lesser-known benefits of Sharia insurance. These benefits can be enjoyed in the short or long term. However, you must pay premiums regularly to access these benefits.
