HALAL HEALTH INSURANCE MEDICAL TAKAFUL
An islamic health insurance is a health which covers all costs related to medical expenses and costs applying to the health care in the context of the principles the islamic religion.
Islamic health care follows Takaful which is a halal insurance concept regulated by islamic finance and respecting the rules of the Sharia which dictates how far insurance products can be compliant with Islam and not haram.
Health Takaful covers muslim and non- muslim patients in case of accident or illness with benefits linked to hospitalization, intensive and day care treatments, maternity and other medical issues.
Halal health insurance in order to be applied properly needs to comply with Takaful (islamic insurance) principles which is used more and more by the muslim insured population .
IS A HEALTH INSURANCE HALAL OR HARAM ?
Either a health care insurance is haram or halal, means if it complies with the Sharia law is quite easy to address. Several controversial statements prêtending to rely on religious principles are dispatched through several websites. Takaful has clear principles as to its islamic compliance. The main rules stating that insurance companies are not allowed to speculate with the contributions of the insurers and to not invest in haram sectors.
Islamic health insurance objective is to cover muslims against costs generated through medical costs similarly to a car insurance if it s faces any damages. A halal health insurance is often a protection to muslim families including children and old people who receive the benefits of a Halal health insurance.
Islamic health care is also adopted as a mutual health assurance based on the principles of Takaful in which insured muslims contribute to a common pool in order to support each other in case of medical expenses.