What kinds of insurance is halal?

Jazaki Allahu Khayra for the clarification! That makes sense. Would the term be Gharrar?

I think the core difference between halal and haram insurance is the basis behind it. Haram insurance’s core premise is paying in advance for a speculative service. Whereas, halal insurance is contributing to a community pot that everyone who contributes can take from if they need it in pre-specified circumstances.

Yes that’s the Arabic term for speculation

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