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Deposits in Islamic banks managed by an investment or mudaroba’ way, so commonly known as the Deposit Mudharaba’. Bank Syariah not pay interest on customer deposits to pay the deposit but the profit sharing has been determined by the ratio (the business benefits for each party, the amount determined by agreement). Several types of savings futures also managed in a way such mudharobah education savings and retirement savings, savings pilgrimage, this term savings commonly known term Mudaraba’ Education Savings Accounts, Savings Hajj. These savings cannot be withdrawn by the owner of the funds before the maturity date so qualified to invest.
The basic principles of Islamic banks have different characteristics from conventional banks, among others include:
Savings
Al-wadiah a pure deposit of one party to another party, whether individuals or legal entities, which must be preserved and restored whenever the desire Care.
Bank deposits as the recipient can use this principle in a conventional bank deposits known as the product. As a consequence, all profits generated from the deposit of funds belonging to banks (and vice versa). In return, the store had security guarantees against property, and facilities are also other deposits.
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Natural disasters, accidents on the road, dead, sudden illness, subject to dismissal, maintaining the child’s education is not something we want but the real always haunt our lives everyday. Uncertainty regarding the above items will disappear if we have Life Insurance.
Substantially, insurance is protection against the economic value of a person in his life. Because as humans, we have the risk of insecurity of life in many ways and can occur at any time without our knowledge. Obviously, when misfortune came into our lives, you will still need income more than usual.
Insurance has become a priority for the people who think this time forward, usually performed by depositing 10% of your income. Insurance is not only saving money but providing economic security in the event of a risk. By having insurance means that your social status can be protected and have the financial well-planned. Then one day you will not experience the economic slump in the continuity of your life.
For a head of family, life insurance becomes very important, because you took so many number of family members who must pay for everything you need for your life. So what if you are sick? what if you stop working? what if your business go bankrupt? what if God “calls” you? Have you prepared the best for the people you care about?
Do not forget, choose life insurance that has the right program and according to your needs.