Day: February 20, 2021

Insurance coverage

The most distinguishing feature of the Islamic financial system is the prohibition of interest. Some insurance policies are structured in order that earnings are used to pay premiums. It is potential that the mortgage and curiosity may so reduce earnings that they are going to be insufficient to cover the premiums. This can mean that you’ll have to pay them out of pocket at a time if you find yourself attempting to keep away from additional bills. If for any motive, you should be unable to repay the loan resulting in a lapse of your coverage, you not only lose … Read More