Your Insurance Cheat Sheet

Is insurance halal since there’s no takaful in Singapore? Not to be confused with the NTUC Income takaful Fund, a mutual fund accessible only through an investment linked policy (ILP), there's actually a lot of confusion on this financial product. 

 

Insurance in itself is a wonderful product for those needy times but why would Islam prohibit it? In this 3-page info-graph, we provide some answers.

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