2Financial system Insurance Banking (Islamic) Commercial Insurance (Conventional)Takaful(Islamic)
3INSURANCEA policy from a large financial institution that offers financial protection against future losses or damages.TAKAFULIs an Islamic insurance concept which is grounded by observing the rules and regulations of Islamic law. (license)
4Life Insurance Medical Insurance General Insurance Others
5Insurance : buy and sell contract. Takaful :donation contract. Concept:Insurance : buy and sell contract.Takaful :donation contract.
6Commercial INSURANCE Al-Gharar (Uncertainty) Al-Maisir (Gambling) Riba (Interest)