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Tawuniya

Tawuniya latest

Tawuniya
October 10th, 2019 - 10:29 GMT

“Tawuniya” Awarded As Best Takaful Company for 2019

The Company for Cooperative Insurance (Tawuniya) has been awarded as “Best Takaful Company for 2019” by Global Islamic Finance Awards (GIFA), which is specialized in classifying Islamic finance and insurance establishments. Tawuniya won this award as result of its implementing cooperative insurance concept since its foundation in 1986, its success in introducing Takaful insurance products and its investments are complying with “Shariah Rules”, its commitments to Islamic standards in accounting field and its role in enhancing the innovation concept, governance and social responsibility. On this occasion, Tawuniya’s Senior Vice President ...
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Traditional Islamic scholarship raised objections to the basic concept of the industry, arguing that it contained elements of risk, gambling and usury that made it incompatible with the teachings of the Qur’an.
September 17th, 2018 - 05:58 GMT

How Saudi Found "Forbidden" Love in the $10 Billion Risk Business

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