In India, Islamic insurance (Takaful) is by definition a Halal financial guarantee providing with sharia compliant insurance policies covering Muslims Indian risks which may occur for health, to car or risks which are related to a home acquisition and which permit the application of the sharia law within Indian financial services.
In India, Islamic insurance or Takaful would be able to cover the needs of around 200 million of Indian Muslims who would be able to enjoy Takaful as diversified financial product which is also used for halal saving and investments.
In India, a Halal insurance is provided by Islamic Indian insurer who collect the payments contribution of Indian insured Muslims, and to be Sharia compliant such Islamic isurance companies have the obligation to invest the money in ethical sectors which are halal and not haram and thus will exclude any speculative investments which are banned by Islamic law.
In India, Islamic insurance in 2024 is still facing challenges despite that the potential for Takaful in the country lies in its large Muslim population, which could provide a base for the demand for Sharia-compliant financial products that woould fit with both Indian financial regulations and Islamic principles, a
India's Muslims have developed a not-for-profit Islamic health assurance scheme called Uplift Mutuals Biradaree, starting in April this year as an alternative to Takaful in two of Mumbai's Muslim-majority localities.
INDIA ISLAMIC HEALTH INSURANCE COOPERATIVE
HALAL MORTGAGE TAKAFUL INSURANCE STUDENT INSURANCE CAR INSURANCE ICELAND HOME INSURANCE REAL ESTATE INSURANCE LIFE INSURANCE BUSINESS INSURANCE TRAVEL INSURANCE HAJJ UMRAH INSURANCE FUNERAL INSURANCE MOSQUE INSURANCE AUSTRALIA INSURANCE GERMANY INSURANCE ISLAMIC CAR LOAN ISLAMIC MICROFINANCE WITHOUT INTEREST BUSINESS LOAN FOR WOMEN TAKAFUL MORTGAGE LOAN WITH POOR CREDIT ISLAMIC DEBT CONSOLIDATION DISABILITY LOAN STUDENT LOAN ISLAMIC LEASING LETTER OF CREDIT PERSONAL LOAN FOR STARTUP PRIVATE LOAN CROWDFUNDING CALCULATOR FOR WEDDING FOR EXPATRIATE ISLAMIC INSURANCE INDIA TAKAFUL ISLAMIC HEALTH INSURANCE USA TAKAFUL CANADA TAKAFUL UK TAKAFUL FARMER LOAN TAXI LOAN RAMADAN LOAN LIST OF ISLAMIC BANKS ALBANIA ALGERIA AUSTRALIA ISLAMIC COLLEGE SCHOLARSHIP BAHRAIN BANGLADESH BOSNIA-HERZEGOVINA BRUNEI CANADA CHINA DENMARK DJIBOUTI EGYPT ETHIOPA FRANCE INDONESIA IRAN IRAQ IVORY COAST JORDAN KAZAKHSTAN KENYA KUWAIT KYRGYZSTAN LEBANON LIBYA LUXEMBOURG MALAYSIA MALI MAURITANIA MOROCCO NETHERLANDS NIGERIA NORWAY FINLAND ISRAEL HONG-KONG GHANA RWANDA GAMBIA SIERRA-LEONE SOMALIA MYANMAR ANGOLA MAURITIUS OMAN PAKISTAN PALESTINE POLAND ISRAEL PHILIPPINES QATAR RUSSIA SAUDI-ARABIA SENEGAL SINGAPORE SRI-LANKA SUDAN SWITZERLAND SYRIA TAJIKISTAN TANZANIA CYPRUS JAPAN ARGENTINA BRAZIL AUSTRIA SOUTH KOREA MALDIVES WAKALAH WADIAH AMANAH SUKUK ISLAMIC CREDIT CARD WAAD ISLAMIC HEDGING MUSAWAMA MURABAHA QARD-UL-HASAN BAI-SALAM ISTISNA MUDARABAH IJARA IJARAH-THUMMA-AL-BA IJARAH-WA-IQTINA IJARA-MAWSOOFA-BI-AL-DHIMMA TAWARRUQ MUSHARAKA BAI-MUAJJAL-BAI-BITHAMAN-AJIL BAI AL INAH HAWALA KAFALAS RAHN THAILAND TUNISIA TURKEY U.A.E UNITED-KINGDOM U.S.A UZBEKISTAN YEMEN AZERBAIJAN INDIA BELGIUM GERMANY IRELAND ITALY NEW-ZEALAND SPAIN SWEDEN BULGARIA KOSOVO SOUTH-AFRICA LONDON