Time value of money

And so it goes...

In addition to the prediction of you dying penniless, the takaful salesperson tells you that when you die, the money will be used to manage your burial, provide financing to your famili for the foreseable future, give education to your kids, lets your wife have a life, pays your debts and so on and so forth. And the worst part is that they are trying to help you save your money for your best interest as though they are doing you a favour. Maybe they are right.

But why dont you ask them how much they get from the premiun they get and ask if they do not get the cut would they still be selling you the policy? Or maybe you could ask them...... who manages the funds? How do they manage it? Do you know the lifestyle of the fund managers managing your funds? I do... some of them are my friends. Maybe thats why I decided not to believe in them. Would you get it back if you decide to stop contributing?

How about the possibility of you being kufur if you buy an insurance policy? That cannot be... I am just trying to protect myself. What about Allah? Do you ask Allah to protect you? All muslims should rely only on Allah to protect themselves. And they say insurance is an effort towards that because they say a person only gets what he strive for. That means effort reaps reward. Thats why we buy insurance, an effort to protect during musibah.

And still it is Allah who decides what and when you get it. Even with insurance, if He says you wont get a penny, then you wont get anything. Maybe thats how the insurance company decide that when u die you wnt get a penny.... coz Allah do not want you or your famili to get anything....!!! Hahahahaha.....

Do you know that insurance or even takaful reduces your faith towards Allah? Oh yes.... when you have insurance, you can say even if i get sick i can go to better hospital for treatment as compared to if i do not have insurance. And that would give me better chance of surviving the musibah. Wow..... great..... and where does Allah come in? If you do not have insurance.... Allah is your only insurance of getting better. Logica? The only logic.

And where does the time value of money come in? In our next meeting........ Insya-Allah.

Salam.