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History of Takaful

All human activities are subject to risk of loss from unforeseen events. To alleviate this burden from individuals, what we now call insurance has existed since at least 215 BC. This concept has been practiced in various forms for over 1400 years. Takaful is commonly referred to as Islamic insurance; this is due to the apparent similarity between the contract of Kafalah (guarantee) and that of insurance.

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