Methaq" is committed to provide insurance products acceptable by Islamic Sharia and invest the insurance subscription funds based on Sharia murabahah (profitability) provisions. It will also weigh the subscription rate, the nature of risks, the coverage level, and ensure that the surplus be returned to policyholders and to have documents attested by the Sharia supervisory board.
(last updated: 22-October-2004)
The documentation was gathered with the best efforts of researchers and scholars, in neutral and scientific spirit. We welcome all clarifications, corrections and improvements for best services. A Concept Team makes every effort to ensure, but cannot guarantee, the accuracy at all times of this information. Hyperlinks to or from other websites imply neither responsibility for, nor approval of, the information contained in those websites by A Concept. Copyright A Concept mafhoum "the Arab Decision Makers Project"
Saudi Arabia \ Insurance Companies \ Saudi Insurance "Methaq" \ Sharia Panel in METHAQ
