If the conditions of takaful are applied to the letter, this is permissible in Sha Allah but I doubt that there is any such company!

Is takaful insurance which offers us a various medical coverage for the time of need and emergencies or lost of ability to work or death on condition of continuous monthly fixed amount of payment to the takaful company permissible in islam? Summerized Details: The amount given to us sometimes lot more than what we have paid, and sometime we cannot claim anything. Depending on our health condition. And If we want to cancel, only 60% of our accumulated payment will be available. What is the islamic ruling regarding this takaful insurance sheikh? Whether or not it’s like LIFE INSURANCE?

Insurance | August 21, 2015 3:16 am
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Recording transactions which are mandatory by the state for example transactions which involve recording of GOSI payments which are mandatory and knowing that GOSI is insurance and other medical insurance payments which are mandatory upon every citizen of KSA. What is the opinion of recording such transactions?
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Is it permitted to take out insurance for my mobile phone by paying an extra amount per month just in case the phone gets damaged ?