The real concept of takaful relates more to a social security system run through collaborative efforts of the people.

Question

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Takaful is an Islamic insurance concept which is grounded on mutual cooperation, responsibility, assurance, protection, and assistance between groups of participants. These principles are very similar to the concepts of a social security system, where members contribute to a common pool to guarantee each other against certain types of loss or damage.

The Real Concept of Takaful Relates More to a Social