Protection box
BOXS
Protection box
He guarantees the loan in cases of death or disability, and in light of this perception, the borrower immediately after his loan enters into a takaful contract with the protection or solidarity fund and gives (2%) or more or less of his loan to this fund for the sake of solidarity, and this is a project in which decisions were issued by the jurisprudence councils
This fund can be built through the following resources:
- The percentage paid by the lender for solidarity and protection and his investments.
- A ratio (12.5) of the zakat funds (according to Shafi’i opinion and unanimous decisions), which is the share of (the debtors), as the fund is to protect the debtors in the event of death, disability or default, which are cases where it is permissible to pay zakat to pay debts unanimously
