DIFFERENCE BETWEEN ISLAMIC INSURANCE AND CONVENTIONAL INSURANCE

Abstract

In this report the main intention is to find out the difference between Islamic Insurance (Takaful) and Conventional Insurance, also focusing on some concerned issues between Islamic Insurance and conventional Insurance. Comparison between Takaful and Conventional Insurance. Overview of history of Takaful & Insurance. Why Insurance is against Islamic principles? Which one is better at performance level? Awareness of Masses. This report provides the information of those individuals who are not aware about the difference between Islamic Insurance and Conventional Insurance This Report and research is based on Primary Data and Secondary Data