Halal Home Insurance in India

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“Disclaimer: this article will explain some important things about halal home insurance for people in India, especially Muslims in India. This article does not specifically discuss halal home insurance companies in India.

Hi all readers! Are you looking for an explanation of halal home insurance in India? If your answer is “Yes”, congratulations! Now you are reading the right article. Why? Because that is what I will explain in this article. As Muslims, we must understand that. That’s why I wrote this article. So, you should read it to the end!

One important thing I want to explain is that the discussion about halal home insurance in India in this article does not specifically discuss halal home insurance companies in India. In this article I will only explain some basic things about halal home insurance in India according to sharia principles or Islamic rules.

Specifically, there are three important things about halal home insurance in India which I will explain in this article. The three important things I mean are as follows:

  1. What Is Halal Home Insurance in India?
  2. Is There Halal Home Insurance in India?
  3. Seven Criteria of Halal Home Insurance in India.

What Is Halal Home Insurance in India?

The important thing about Halal home insurance in India that I will explain now is “what is halal home insurance in India?”. I want you to understand that first because it is one of the basic things that must be well understood.

There are two important things we must understand first:

One: halal home insurance.

If we read some Islamic literacy about halal home insurance, we will find an explanation that halal home insurance is an effort to protect and help each other among a number of people. This is done through investments that provide returns to meet certain risks through sharia-compliant agreements.

In halal home insurance there is a system. All halal home insurance participants will contribute if there are other participants who experience losses. In other words, the role of halal home insurance companies is only to take care of operational and investment matters from a number of insurance funds.

The purpose of halal home insurance is the welfare of Muslims, not getting very many benefits like the purpose of conventional insurance.

We can find an explanation that the welfare of Muslims is the main goal of halal home insurance if we understand the meaning of halal home insurance and the criteria of halal home insurance. I will explain the halal home insurance criteria at the end of this article.

Two: in India.

I guess we all know India. India is a country. I won’t say much about it.

In simple terms, I want to say that what is meant by halal home insurance in India is an insurance or insurance company that uses sharia principles or Islamic rules as the principle of managing insurance companies and insurance funds.

That’s a brief explanation of “what is halal home insurance in India?”. As Muslims, we must understand that.

Is There Halal Home Insurance in India?

The important thing about halal home insurance in India that I will explain now is “is there halal home insurance in India?”. I want you to understand that because it is one of the important questions for Muslims about insurance in India that must be well understood.

In the previous few paragraphs, I have explained that halal home insurance is insurance that uses sharia principles as insurance principles. Halal home insurance makes sharia principles the principles of managing insurance companies and managing insurance funds.

So, if you want to know whether an insurance company is a halal home insurance company or a conventional insurance company, you have to understand how they manage the insurance company. If they make sharia principles the principles of managing insurance companies and insurance funds, then the insurance company is a halal home insurance company. If they do not use sharia principles as the principles for managing insurance companies and insurance funds, then the insurance company is not a halal home insurance company. That’s the standard.

So, simply, if you ask me, “is there halal home insurance in India?”, the answer is that if in India there are insurance companies that make sharia principles or Islamic rules the principles of managing insurance companies and insurance funds, there is halal home insurance in India. If in India there is no insurance company that uses sharia principles or Islamic rules as the principle of managing insurance companies and insurance funds, then, there is no halal home insurance in India.

That’s a brief explanation of “is there halal home insurance in India?”. As Muslims, we must understand that.

Read Also:

Concept of Takaful (Islamic Insurance)

Seven Criteria of Halal Home Insurance in India

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Founder, Author, Indonesian Blogger, Muslim, Graduate of Al-Azhar University, Cairo, Egypt.

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