Life Insurance
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Description
Osra Plan (Family Takaful) "Verily, it is better for you to leave your offspring (heirs) wealthy than to leave them poor asking others for help"{Hadith by the Prophet (PBUH) - Narrated by Sayid bin Abi-Waqqas (R)}. Thishas two portions, protection and investment. The protection part (Tabarru) works on donation principles. The investment portion works on a Mudharabah basis where the participant has full right over part of the contribution after deduction of administrative expenses. This is the portion of the fund that goes into investment with accrued profit in proportion to the paid contributions for the policy. This policy is sold on individual or group basis.
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Life Insurance
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