2 articles tagged βFiqhβ
The classical objections to insurance are gharar, maysir and riba. Turkey built a licensed industry to answer all three. What the scholars object to, what participation insurance fixes, and where honest disagreement remains.
HDI Katilim openly says it does not run a tekaful pool. Neova says its participants' money sits in a segregated risk fund. Both are licensed participation insurers. Here is what the difference actually means for your money and your fiqh.