Based on looking at the website, Equesure.co.uk appears to be a defunct equine insurance provider. The site explicitly states that Equesure Insurance has ceased operations, with its previous policies now administered by Lancaster Insurance, a sister company. For new equine insurance needs, visitors are directed to Lancaster Insurance for horsebox and trailer insurance, and to Towergate Insurance for horse insurance. This means the website itself doesn’t offer direct services or new policies, acting primarily as a redirection portal.
Here’s an overall review summary:
- Operational Status: Closed (Policies administered by Lancaster Insurance)
- Direct Service Offering: None (Redirects to partner companies for new quotes)
- Clarity: Very clear about its closure and redirection
- Ease of Navigation: Simple, as its purpose is solely to guide users elsewhere
- Ethical Considerations: Insurance, in its conventional form, often involves elements of gharar (uncertainty) and riba (interest) which are generally not permissible in Islamic finance. While the website itself is merely a redirect, the underlying service it points to, conventional insurance, would require careful scrutiny from an Islamic perspective. Therefore, while the website isn’t inherently problematic, the product it directs to is.
Engaging with conventional insurance, like that offered by Lancaster and Towergate, can be a tricky business from an Islamic ethical standpoint. The core issue often revolves around the concept of gharar, or excessive uncertainty, which is present in typical insurance contracts where premiums are paid without a guaranteed return, and payouts depend on future uncertain events. Furthermore, the investment of premiums by conventional insurance companies often involves interest-bearing instruments, which falls under riba, another impermissible element in Islam. For individuals seeking to protect their assets, particularly valuable ones like horses or horseboxes, it’s crucial to explore alternatives that align with Islamic principles. These often come in the form of Takaful (Islamic insurance), where participants mutually guarantee each other, and contributions are managed in a Sharia-compliant manner, avoiding interest and excessive uncertainty.
Here are seven ethical alternatives for protecting valuable assets, focusing on methods that align with Islamic principles:
- Takaful Funds (General)
- Key Features: Sharia-compliant cooperative insurance, mutual assistance, risk-sharing, no interest, transparent investment.
- Average Price: Varies based on coverage and type of asset, typically competitive with conventional insurance premiums.
- Pros: Fully ethical, supports community welfare, transparent operations, promotes mutual responsibility.
- Cons: Availability might be limited in some regions compared to conventional insurance, requires research to find suitable providers.
- Halal Investment Funds
- Key Features: Investments in Sharia-compliant businesses and assets, no interest, no involvement in prohibited industries. Can be used to build a robust savings pool for self-insurance.
- Average Price: Management fees typically range from 0.5% to 2% annually.
- Pros: Ethical wealth growth, diversified portfolio, supports responsible industries.
- Cons: Requires consistent contribution, no immediate payout for unforeseen events unless structured as a dedicated self-insurance fund.
- Emergency Savings Accounts (Islamic banks or ethical savings options)
- Key Features: Liquid funds readily available for unexpected expenses, no interest (if using Islamic banking), emphasis on personal financial responsibility.
- Average Price: No direct cost, but opportunity cost of not investing for higher returns.
- Pros: Immediate access to funds, builds financial discipline, avoids riba.
- Cons: Requires significant self-discipline to build and maintain, may not cover catastrophic losses immediately.
- Asset Maintenance & Prevention Services
- Key Features: Proactive measures to reduce risk of damage or loss, e.g., regular horse health checks, horsebox servicing, security systems.
- Average Price: Varies widely based on asset and service, e.g., £50-£200 for a horse vet check, £200-£500 for a horsebox service.
- Pros: Reduces likelihood of needing costly repairs or replacements, enhances asset lifespan, peace of mind.
- Cons: Doesn’t cover unforeseen accidents or theft, requires ongoing investment.
- High-Security Storage Solutions (For horseboxes/trailers)
- Key Features: Secure facilities with advanced surveillance, access control, and robust physical barriers to deter theft.
- Average Price: £50-£200 per month depending on location and size.
- Pros: Significantly reduces risk of theft and vandalism, professional monitoring.
- Cons: Ongoing cost, not suitable for active use of the asset, doesn’t cover damage while in transit.
- Comprehensive First Aid Kits & Veterinary Support Systems
- Key Features: For equine health, having well-stocked first aid kits and established relationships with reliable vets reduces immediate emergency costs and improves outcomes.
- Average Price: £50-£150 for a good kit, ongoing vet fees vary.
- Pros: Direct investment in animal welfare, can mitigate minor issues before they become major, saves on emergency call-out fees.
- Cons: Doesn’t cover major illnesses, accidents, or third-party liabilities; not a direct financial ‘product’.
- Community Support & Mutual Aid Networks
- Key Features: Informal or formal groups where members contribute to a shared pool for collective support in times of need, similar to Takaful on a smaller scale.
- Average Price: Voluntary contributions as agreed by the group.
- Pros: Strong communal bonds, direct assistance from trusted individuals, inherently ethical.
- Cons: Less formal, reliance on group participation, may not be scalable for large losses.
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Equesure.co.uk Review & First Look
Equesure.co.uk presents a very specific situation: it’s no longer an active insurance provider. Upon landing on the homepage, the immediate and prominent message makes it abundantly clear that Equesure Insurance has “now closed.” This directness is, ironically, a positive aspect, as it prevents users from wasting time attempting to get quotes from a non-operational entity. The website serves purely as a redirect and information portal for past and potential future customers.
Operational Status and Purpose
The primary function of Equesure.co.uk is to inform visitors of its closure and to direct them to its sister company, Lancaster Insurance, and partner, Towergate Insurance, for ongoing policy administration and new insurance needs. This indicates a strategic business decision to consolidate or restructure services. The site’s purpose is not to solicit new business directly but to manage the transition of existing customers and guide new enquiries.
Initial User Experience
The initial impression is one of clarity and simplicity. There are no overwhelming graphics, complex navigation menus, or distracting advertisements. The core message is upfront. This approach, while minimalist, effectively conveys the necessary information. It’s a testament to a “no-frills, get-to-the-point” design, which, for a defunct service, is arguably the most efficient way to handle a website.
Transparency in Communication
The website excels in its transparent communication. It explicitly states: “Equesure Insurance has now closed, if you were a previous Equesure customer, your policy will now be administered by Lancaster Insurance.” This level of honesty is commendable, especially in the online space where ambiguity can often lead to frustration. Contact details for Lancaster Insurance are readily provided, including a phone number and email address, reinforcing the commitment to assisting former Equesure clients.
Ethical Considerations of Underlying Products
While Equesure.co.uk itself is merely a redirect, the products it points to – conventional insurance policies from Lancaster and Towergate – fall under a category that requires careful consideration from an Islamic perspective. Traditional insurance models often involve elements of riba (interest) and gharar (excessive uncertainty). For instance, premiums collected are typically invested in interest-bearing instruments, and the inherent uncertainty of whether a claim will be made or not can be seen as gharar. This makes conventional insurance a problematic area for many Muslims. Therefore, while the website is transparent about its status, the ultimate destination for potential customers is a service model that necessitates scrutiny through an Islamic lens. Lulabay.co.uk Review
Equesure.co.uk Pros & Cons
Given that Equesure.co.uk is no longer an active service provider, its “pros” and “cons” must be evaluated based on its current function as an informational and redirecting platform. It’s not about the insurance product itself anymore, but the clarity and utility of the website in its current state.
Cons of Equesure.co.uk
The primary “con” isn’t a flaw in its design or function, but rather its non-operational status for new business.
- No Direct Service: The most significant drawback is that Equesure.co.uk does not offer any direct insurance services. Visitors seeking to purchase new equine insurance policies cannot do so directly from this website. This necessitates an extra step of navigating to external sites.
- Redirection Dependent: The entire utility of the site relies on effective redirection to partner companies. While the links are present and clear, it’s still an indirect path for new customers. Any issues with the partner websites or their services would indirectly reflect on the user experience originating from Equesure.co.uk.
- Limited Information Beyond Redirection: For those seeking in-depth information about equine insurance in general, or past Equesure policies, the site offers very little content beyond the core message of its closure and redirection details. There are no FAQs about insurance types, blog posts, or detailed policy explanations.
- Reliance on Conventional Insurance: The website explicitly directs users to conventional insurance providers (Lancaster and Towergate Insurance). As previously discussed, these models inherently carry elements like riba (interest) and gharar (uncertainty) that are generally not permissible in Islamic finance. This makes any engagement with the services promoted by Equesure.co.uk problematic for a Muslim seeking Sharia-compliant solutions. There is no mention or suggestion of Takaful or other ethical alternatives.
- No Historical Archive: While it’s understandable for a closed business, there’s no archive of previous policy types, terms, or historical information that might be useful for researchers or former customers looking for context on their old policies.
Equesure.co.uk Alternatives
Since Equesure.co.uk no longer offers insurance directly, and its redirects point to conventional insurance models that may not align with Islamic principles, it’s essential to consider alternatives that are ethically sound. For asset protection, especially for valuable items like horses and horseboxes, Muslims often seek Sharia-compliant methods.
Takaful (Islamic Insurance)
This is the most direct and ethically aligned alternative to conventional insurance. Takaful operates on the principle of mutual cooperation, where participants contribute to a common fund, and this fund is used to pay claims.
- Key Principles: Based on Tabarru’ (donation) and Ta’awun (mutual cooperation).
- No Riba: Funds are invested in Sharia-compliant assets, avoiding interest.
- No Gharar: While some uncertainty is inherent in any insurance, Takaful structures aim to minimise excessive gharar through clear rules and transparent operations.
- Ethical Investment: Funds are managed ethically, avoiding investments in industries deemed impermissible (e.g., alcohol, gambling, conventional banking).
- Availability: While more common in Muslim-majority countries, Takaful providers are emerging in the UK and globally. Searching for “Takaful UK” can reveal options.
Self-Insurance Funds
For individuals or organisations with the capacity, setting up a dedicated self-insurance fund can be a viable option. This involves regularly setting aside a portion of income into a separate, designated fund specifically for potential future losses or damages related to an asset.
- Control: Complete control over funds and investments.
- Flexibility: Can tailor the fund’s size and investment strategy to specific needs.
- No External Fees: Avoids premiums and administrative fees associated with external providers.
- Risk: Requires significant capital accumulation and disciplined management to cover potential large losses.
- Halal Investment: Ensure the fund is invested in Sharia-compliant ways (e.g., ethical stocks, real estate, commodity trading).
Community Mutual Aid Systems
Similar to Takaful but often less formal, these are community-based initiatives where members pool resources to help each other in times of need. This aligns with the Islamic principle of mutual support.
- Direct Support: Aid comes directly from within the community.
- Strong Bonds: Fosters strong social and communal ties.
- Flexibility: Can be adapted to specific community needs.
- Scalability: May not be suitable for very large, infrequent losses or large-scale operations.
- Transparency: Success relies on trust and transparent accounting within the group.
Preventative Measures and Risk Mitigation
Investing in high-quality preventative measures can significantly reduce the likelihood of needing insurance.
- For Horses: Regular veterinary check-ups, proper stable management, high-quality feed, professional training, and secure paddocks. This proactive approach reduces the risk of illness, injury, or escape.
- For Horseboxes/Trailers: Regular maintenance, professional servicing, secure parking (e.g., alarmed garages, monitored storage facilities), anti-theft devices (immobilisers, tracking systems).
- Ethical Spending: Spending on preventative care is a form of sadaqa (charity) in caring for animals and preserving property, aligning with Islamic values of stewardship.
Strategic Asset Management
This involves making informed decisions about how assets are used, stored, and managed to minimise exposure to risk.
- Risk Assessment: Thoroughly assess potential risks associated with the asset (e.g., theft, accident, illness).
- Diversification: If possible, do not put all your ‘eggs in one basket’. For example, if you have multiple horses, ensure their care plans are robust and independent.
- Professional Advice: Consult with equine experts, security specialists, and Sharia finance advisors to develop a comprehensive risk management strategy.
Each of these alternatives offers a path towards protecting valuable assets that adheres more closely to Islamic financial principles, providing peace of mind without compromising one’s faith. Rope-source.co.uk Review
How to Cancel Equesure.co.uk Subscription
The concept of “cancelling an Equesure.co.uk subscription” is slightly misaligned with the current state of the website. Equesure Insurance has ceased operations, and any existing policies are now administered by Lancaster Insurance. Therefore, you wouldn’t cancel a “subscription” with Equesure.co.uk, but rather manage or cancel a policy that originated with Equesure but is now under Lancaster Insurance.
Identifying Your Policy Administrator
The Equesure.co.uk website explicitly states: “Equesure Insurance has now closed, if you were a previous Equesure customer, your policy will now be administered by Lancaster Insurance.” This is the critical piece of information. Your policy is no longer managed by Equesure directly.
Contacting Lancaster Insurance
To cancel your policy, or make any changes, you need to contact Lancaster Insurance directly. The Equesure.co.uk website provides their contact details:
- Telephone: 01480 484 806
- Email: [email protected]
Steps to Cancel a Policy
- Gather Policy Details: Before contacting Lancaster Insurance, have your policy number, personal details (name, address), and the effective date of your policy readily available. This will expedite the process.
- Contact Lancaster Insurance: Call the provided telephone number during their operating hours (Monday-Friday: 08:30-18:00, Saturday: 08:30 – 13:00, Sunday/Bank Holidays: Closed) or send an email to the customer service address.
- State Your Intention Clearly: Inform the representative that you wish to cancel your equine insurance policy, stating that it was originally an Equesure policy now administered by them.
- Enquire About Cancellation Terms: Ask about any cancellation fees, prorated refunds, or specific notice periods required. Insurance policies typically have terms regarding early cancellation.
- Confirm Cancellation in Writing: It’s always prudent to request written confirmation of your cancellation, whether via email or postal mail, for your records. This serves as proof that you initiated the cancellation.
Important Considerations
- Cooling-Off Period: Many insurance policies have a “cooling-off” period (often 14 days from the policy start date or receipt of policy documents) during which you can cancel without penalty, receiving a full refund of premiums paid, provided no claim has been made.
- Pro-Rata Refund: If you cancel outside the cooling-off period, you may be entitled to a pro-rata refund of your premium for the unused portion of the policy term, minus any administrative fees.
- Alternative Coverage: Ensure you have alternative insurance or a Sharia-compliant protection plan in place before cancelling your existing policy to avoid any gaps in coverage for your valuable assets. This is particularly important for horses or horseboxes, where sudden incidents can lead to significant financial burdens.
Equesure.co.uk Pricing
Discussing “Equesure.co.uk pricing” is somewhat moot, as the website itself does not offer direct pricing for insurance policies. Equesure Insurance has ceased operations, and therefore, there are no pricing structures directly associated with Equesure.co.uk for new customers. The website’s role is purely to redirect users to sister and partner companies for their insurance needs.
Pricing Structure of Referred Companies
When you navigate from Equesure.co.uk, you are directed to: Thehairpinlegcompany.co.uk Review
- Lancaster Insurance: For Horsebox and Trailer insurance.
- Towergate Insurance: For Horse insurance.
The pricing for these policies will be determined by Lancaster Insurance and Towergate Insurance, respectively. Their pricing models typically depend on several factors:
- Type of Coverage: Comprehensive, third-party only, fire and theft, etc.
- Value of the Asset: Higher value horses or horseboxes generally incur higher premiums.
- Risk Factors:
- For Horses: Age, breed, use (e.g., leisure, competitive, breeding), medical history, location, stabling arrangements. Racehorses and bloodstock, as mentioned by Towergate, would likely have unique pricing structures due to their high value and specific risks.
- For Horseboxes/Trailers: Make, model, year, value, mileage, storage location, driver’s experience and claims history.
- Policyholder Details: Age of the policyholder, claims history, driving convictions (for horsebox/trailer insurance).
- Excess: The amount you agree to pay towards a claim will influence the premium. A higher excess typically means a lower premium.
- Optional Extras: Additional coverages like breakdown assistance, personal accident cover, or loss of use cover will add to the premium.
How to Get a Quote
Since Equesure.co.uk does not provide direct quotes, you would need to follow the links and processes on the respective partner websites:
- Lancaster Insurance: The Equesure site has a “Get a Quote” button that links directly to Lancaster’s horsebox and trailer insurance page. You would typically fill out an online form with details about your vehicle and your personal information to receive a quote.
- Towergate Insurance: For horse insurance, Equesure.co.uk advises to “call them on 01242 894 109 or get a quote online.” The online quote option would likely involve completing an extensive form detailing the horse’s characteristics and usage.
Ethical Considerations in Pricing
From an Islamic finance perspective, the pricing model of conventional insurance, whether from Lancaster or Towergate, still carries the aforementioned issues of riba and gharar. While the premium itself is a payment for a service, the underlying financial mechanisms of the insurance company often involve practices that are not Sharia-compliant. For instance, the company invests the collected premiums, and the returns from these investments (which often include interest) contribute to their profitability and ability to pay claims. This direct involvement with interest-based transactions makes it problematic. Therefore, regardless of how competitive or flexible the pricing might seem from these conventional providers, the fundamental ethical concerns remain. When seeking protection for assets, it’s always advisable to explore Takaful or other Sharia-compliant alternatives where the pricing is based on mutual contribution to a risk-sharing fund rather than a speculative, interest-laden model.
Equesure.co.uk vs. Alternatives (Ethical Perspective)
When comparing Equesure.co.uk (or rather, the conventional insurance services it directs to) with Sharia-compliant alternatives, the distinction is primarily ethical and theological, rather than purely functional. Functionally, conventional insurance does provide protection against financial loss. However, from an Islamic perspective, the means by which this protection is achieved is critical.
Equesure.co.uk (via Lancaster/Towergate)
- Model: Conventional insurance.
- Core Issues (Islamic Perspective):
- Riba (Interest): Insurance companies typically invest premiums in interest-bearing instruments, and their business model relies on these returns. This is a fundamental prohibition in Islam.
- Gharar (Excessive Uncertainty): While some uncertainty is unavoidable in life, conventional insurance contracts are often seen as containing excessive gharar. The policyholder pays premiums with no guarantee of a return, and the payout is contingent on uncertain future events (e.g., an accident happening).
- Maisir (Gambling): Some scholars view elements of conventional insurance as akin to gambling, where one party gains at the expense of another based on chance.
- Pros (Functional – not Islamic):
- Widespread Availability: Easy to access and understand, with many providers.
- Comprehensive Coverage: Often provides a wide range of coverage options.
- Established Regulation: Highly regulated in the UK, offering a degree of consumer protection.
- Cons (Islamic Perspective): Fundamentally problematic due to riba, gharar, and maisir. Engaging with such services, even for necessity, is often seen as falling into prohibited financial dealings.
Ethical Alternatives (e.g., Takaful, Self-Insurance, Mutual Aid)
- Model: Sharia-compliant, cooperative, and ethical financial frameworks.
- Core Principles (Islamic Perspective):
- Tabarru’ (Donation/Contribution): Participants contribute to a fund with the intention of mutual assistance, not for profit or speculative gain.
- Ta’awun (Mutual Cooperation): Based on the principle of helping one another in righteousness.
- Avoidance of Riba: Funds are invested only in Sharia-compliant assets, avoiding interest.
- Minimising Gharar: Contracts are structured to minimise uncertainty through clear rules, transparent operations, and defined risk-sharing mechanisms.
- Ethical Investment: Funds are not invested in prohibited industries.
- Pros (Islamic & Functional):
- Sharia-Compliant: Adheres to Islamic principles, providing peace of mind.
- Ethical Foundation: Promotes mutual assistance, solidarity, and responsible financial behaviour.
- Transparency: Often more transparent in their operations and fund management.
- Community Building: Takaful and mutual aid foster a sense of community and collective responsibility.
- Cons (Functional – compared to conventional):
- Limited Availability: Fewer providers, especially in non-Muslim majority regions like the UK, compared to conventional insurance. Finding specific equine Takaful might be challenging.
- Less Standardised: Products might vary more between providers than highly standardised conventional policies.
- Requires Understanding: May require a deeper understanding of Islamic finance principles for the consumer.
The Verdict from an Ethical Standpoint
From a purely functional standpoint, conventional insurance offers a readily available mechanism for risk transfer. However, for a Muslim seeking to align their financial dealings with Islamic law, the services that Equesure.co.uk directs to (Lancaster and Towergate Insurance) are problematic. The core ethical concerns of riba and gharar are deeply embedded in their operational models. Meltonstone.co.uk Review
Therefore, the recommendation for a Muslim would always be to avoid conventional insurance where Sharia-compliant alternatives exist and are feasible. While it might take more effort to find a suitable Takaful provider for specific needs like equine or horsebox insurance in the UK, the ethical integrity of such a solution far outweighs the convenience of conventional options. If Takaful is not directly available for a very specific niche, then self-insurance (through disciplined halal savings) or participation in community-based mutual aid systems become highly recommended ethical alternatives. The focus should always be on protecting assets through means that are permissible and blessed, rather than relying on systems that incorporate prohibited elements.
Frequently Asked Questions
What is Equesure.co.uk’s current status?
Equesure.co.uk is no longer an active insurance provider. It has ceased operations, and its website now serves as a redirect to Lancaster Insurance and Towergate Insurance for existing policies and new quotes, respectively.
Can I get a new insurance quote directly from Equesure.co.uk?
No, you cannot get a new insurance quote directly from Equesure.co.uk. The website explicitly states its closure and directs users to Lancaster Insurance for horsebox/trailer insurance and Towergate Insurance for horse insurance.
Who administers my existing Equesure insurance policy?
If you were a previous Equesure customer, your policy is now administered by Lancaster Insurance. You should contact Lancaster Insurance for any queries regarding your policy.
What are the contact details for Lancaster Insurance?
You can contact Lancaster Insurance at Tel: 01480 484 806 or Email: [email protected]. Tintwise.co.uk Review
What are the operating hours for Lancaster Insurance customer service?
Lancaster Insurance customer service operates Monday-Friday: 08:30-18:00 and Saturday: 08:30 – 13:00. They are closed on Sundays and Bank Holidays.
Where can I get horsebox or horse trailer insurance now?
You can get horsebox or horse trailer insurance from Lancaster Insurance, Equesure’s sister company. Visit their website via the links provided on Equesure.co.uk or search directly for Lancaster Insurance.
Where can I get horse insurance now?
For new horse insurance policies, Equesure.co.uk directs you to Towergate Insurance. You can call them on 01242 894 109 or get a quote online through their website.
Is conventional insurance permissible in Islam?
Generally, conventional insurance is considered problematic in Islam due to elements of riba (interest), gharar (excessive uncertainty), and sometimes maisir (gambling).
What are Sharia-compliant alternatives to conventional insurance?
Sharia-compliant alternatives include Takaful (Islamic cooperative insurance), self-insurance funds (managing your own savings for potential losses), and community mutual aid systems. Kamro.co.uk Review
What is Takaful insurance?
Takaful is a Sharia-compliant insurance system based on mutual cooperation where participants contribute to a fund that is used to pay claims, avoiding interest and excessive uncertainty.
How does self-insurance work for asset protection?
Self-insurance involves setting aside a dedicated fund, invested in Sharia-compliant assets, to cover potential future losses or damages to your assets. It requires disciplined saving and management.
Is Towergate Insurance Sharia-compliant?
No, Towergate Insurance operates as a conventional insurance provider, and its services would typically contain elements that are not considered Sharia-compliant.
Is Lancaster Insurance Sharia-compliant?
No, Lancaster Insurance operates as a conventional insurance provider, and its services would typically contain elements that are not considered Sharia-compliant.
Are there any ethical issues with using Equesure.co.uk as a website?
The Equesure.co.uk website itself is merely a redirecting portal. The ethical issues arise from the conventional insurance services it directs users to, which involve riba and gharar. Porkypenguin.co.uk Review
How do I cancel a policy that originated with Equesure but is now with Lancaster Insurance?
To cancel such a policy, you need to directly contact Lancaster Insurance using their provided phone number or email and follow their cancellation procedures.
Will my policy terms and conditions remain the same with Lancaster Insurance?
According to the Equesure.co.uk website, Lancaster Insurance will ensure that your policy terms and conditions remain the same during the current insurance year for existing Equesure customers.
What should I do before cancelling my current policy?
Before cancelling your current policy, it’s crucial to ensure you have alternative, Sharia-compliant protection in place to avoid any gaps in coverage for your valuable assets.
How does gharar relate to conventional insurance?
Gharar refers to excessive uncertainty or ambiguity in a contract. In conventional insurance, the uncertainty of whether a claim will occur and whether the policyholder will receive a payout is often seen as excessive, making it problematic in Islamic finance.
What does riba mean in the context of insurance?
Riba refers to interest or usury. In conventional insurance, riba arises because insurance companies often invest the collected premiums in interest-bearing financial instruments, and their profitability is linked to these interest earnings. Bamboodental.co.uk Review
Why is mutual aid considered an ethical alternative?
Mutual aid is considered ethical because it aligns with Islamic principles of Ta’awun (mutual cooperation) and Tabarru’ (donation), where individuals collectively contribute to support each other without involving interest or excessive speculation.
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