Is there a Sharia-compliant version of mortgage insurance?

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Yes. Takaful is the Sharia-compliant equivalent of life insurance available across the UAE. It operates on the principle of mutual contribution, where participants contribute to a shared fund that provides financial support in case of death or disability. Takaful follows Islamic finance principles — avoiding interest (riba), uncertainty (gharar), and gambling (maysir). All major Islamic banks and many conventional banks offer Takaful-linked mortgage products.
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