0 History forfeited funds : one of the reasons why takaful is more advantageous than conventional insurance

In the conventional insurance there are missing funds or funds forfeited. For example, the dual-purpose products, if the policyholder stops or can not afford to continue to pay premiums, particularly in the early years of the agreement, the premium has been paid entirely be forfeited and the funds entirely to the insurance company's revenue. It is of course very harmful for participants conventional insurance.

In Islamic insurance, for products that are similar to endowment funds forfeited not happen as it did in the conventional insurance, because of any premiums paid, the insurance company participants to allocate their funds. Much remains the property of the participant in the form of investment funds, some of which are collectively owned by the participants in the form of funds tabarru ', and some belong to the company as a management fee. Each time the participant can determine the amount of insurance investment funds managed by the company and the funds will be returned to the participants along with the investment of insurance if one decides to quit.