In the name of Allah, the most gracious, the most merciful. May peace,
blessings and mercy of Allah be upon the Prophet Muhammad. (SAW)

Historical Background of Insurance and Takaful

It is generally believed that the history of insurance began with the marine insurance in the fourteenth century. It was invented as a solution to the problem of sea piracy and protect from the losses die to the possibility of ship sinking high waters. Both carried immense financial.

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