• Feb 19, 2023
• 1 comment

The best insurance companies

In the present era, insurance has become one of the prevailing transactions in all areas of human life. Insurance has entered the world of commerce, industry, agriculture, and most aspects of economic activity, optional or compulsory, so a Muslim should know its truth, types, and ruling in the view of Islamic law.

This article will address the most important points that show the best insurance companies, business insurance and types of commercial insurance, and at the beginning I will present some of the following important points:

1- Definition of insurance.

2- Types of commercial insurance and their ruling.

The best insurance companies
If you are looking for the best insurance companies, do not search much, here you will find the best insurance company, and I will show you part of our business, which is car insurance and the services that we provide in this type, for example, but not limited to, for example in the field of car insurance, our company is one of the most famous insurance companies in Dubai the Emirates; This is due to the multiple services it provides, which is granting a private car insurance policy, in addition to many other advantages, including: coverage of driving in unusual or normal roads such as driving in the desert and unpaved roads, with the provision of quick assistance service on highways and is available 24 hours a day. 24 hours a day, with the possibility of inspection, RTA registration, and repairs at the agency or with approved repair shops.

:Among the advantages of insurance in our company

1.  Comprehensive car insurance that includes compensation for loss or any damage to the car, and also includes personal belongings
2.  Car insurance against third parties, and this bears all the costs of compensation for the other party from personal injuries or from property

Our company also provides a set of other benefits to various car insurance subscribers in Dubai, such as the service of receiving and returning the car if it is repaired in the workshops for multiple repairs, and sending text messages via the mobile phone to inform the condition and details of your car during its repair; To be at the top of car insurance companies in Dubai.

Types of commercial insurance
Here, I must present what commercial insurance is before dealing with its types.

Commercial insurance is a netting contract whereby one of its parties, who is the insurer, undertakes to pay the other party, who is the insured or whomever he appoints, an agreed-upon financial compensation. It is paid upon the occurrence of the risk or the realization of the loss indicated in the contract, in return for a fee called the insurance premium paid by the insured to him in the amount, term, and manner stipulated in the contract concluded between them, and it is insurance carried out by contemporary insurance companies according to a contract concluded by the company with individuals to insure them from a certain risk.

This insurance varies according to the thing insured against, and this can be made into the following types:

Business insurance
Such as insurance of the business from fire, merchandise from drowning, money from theft, livestock from death, crops from damage, and so on.

Person insurance
Whether this insurance is life insurance or insurance against injuries that affect the insured.

Commercial insurance contract rule:
Most of the scholars are of the view that insurance of all kinds is prohibited, whether it is for oneself, commercial goods, or other types of money, as was the view of the Council of Senior Scholars, and they inferred its prohibition as follows:

The insurance contract contains deception which invalidates the contract: according to the narration of Abu Hurairah, may God be pleased with him, he said: (The Messenger of God, may God’s prayers and peace be upon him, forbade the sale of pebbles and the sale of deception) and on the authority of Ibn Omar: “The Prophet, may God’s prayers and peace be upon him, forbade selling by deception.”
The insurance contract includes usury of both types, usury of credit and usury of credit, because the reality of the commercial insurance contract is the sale of cash for cash. And the amount that the trustee takes after a fixed term may be equal to what he paid, or differential: if it was equal and he took it after a fixed term, then it is bad interest, and if it was differential and he took it after a fixed term, then it is good and bad interest.
The insurance contract includes the forbidden bet; Because each of them involves ignorance, gambling, and betting are taboos in Islamic law.
An insurance contract in which the money of others is taken for free, and taking money from others in exchange contracts is forbidden; To enter it in the general prohibition in the words of God Almighty:} And do not eat your money between you with falsehood, and show it to the ruling, so that you can eat with a separation.
Public liability insurance coverage
Here we mean that public liability insurance coverage is a policy that covers the loss of a company due to slowdown or pause in business operations due to damages caused by physical losses, this coverage includes loss of income minus normal operating expenses and general liability insurance coverage is applied during the period necessary to repair or replace damaged property.

Insurance company near me
If you are looking for the nearest insurance company near you, do not worry or search a lot. All you have to do is click on the contact number with us or send a short message via e-mail or via WhatsApp, and you will find a response immediately or within a few minutes, and we will inform you of the nearest branch near you.