Of insurances, unit trust and the like

A friend dropped by my shop today and discussed his curent profession of selling takaful products. After listening to his story on what takaful is and how it works with all the zakat and jariah and khairah kematian etc etc I told him that I do not believe in such arrangements.

Its good to have takaful. When you face musibah, it can help tu reduce your burden or help to lessen your family's troubles when you're gone. In order to pertake in takaful, you sort of anticipate or at least thought of the troubles that you might encounter and try to reduce it. Kat kampung sya diorang panggil tu using the laws of probabilities to predict your future. Like insurances, all the actuaries, after studying very hard to get their degrees, would crunch all sort of figures (available or pluck from the air) to come to a reasonable premium for the takaful.

Predict..... macam tenung nasib lah lebih kurang kan...? Only its more scientific and based on available information, not from the world of jins or devils. So they say lah.

But Predict, Forecast, Guess, Calculate, Anticipate, etc etc your future... which is done by the actuaries for the insurance companies as well as takaful, or even unit trust (investments based on business activities to get positive returns) are all the same actually.... TENUNG NASIB UNTUK MELIHAT MASA DEPAN.

iS IT ALLOWED IN ISLAM?

to be continued..........