Insurance

Ultimate Insurance Guide for Singapore Muslims

Is Insurance Halal or Haram; The Complete Guide on life insurance and Takaful in Singapore

Are you unsure whether to cancel your non-shariah-compliant insurance policies or if takaful is available in Singapore? Do you wonder if insurance is necessary for sole breadwinners?  At Islamic Finance Singapore (IFSG), we receive countless inquiries about insurance. 
While we are not financial advisors, we hope this article can offer our community a simplified guide to understanding insurance in Singapore, from A to Z.

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IFSG Writers October 28, 2023
Ultimate insurance guide for Singaporean Muslims

Insurance & Takaful Guide for Singapore Muslims

“Should I surrender my current non-shariah-compliant insurance plans? But if I were to surrender, I’ll be at a loss.”, “Why is there no takaful in Singapore?”, “Do you think the hukum is Wajib for a sole breadwinner to purchase insurance?”. 

These are just some of the questions we receive at Islamic Finance Singapore (IFSG). Do note that we are not financial advisors. If the question comes above our expertise, we pass on these questions to the professionals in our network.

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IFSG Writers October 3, 2023