The concept of the Takaful company and its objectives in the reality of trade and investment

Takaful insurance companies are distinguished by their significant importance and ultimate objectives through the services they provide to traders and investors for the purpose of providing safety from losses or risks that appear during their various business. This type of insurance is considered one of the most important and widespread ones because what it gives to the parties participating in it in terms of spreading the spirit of cooperation and solidarity among them in a permissible way, away from usury, which is forbidden in Islamic law. Iraq's experience in this field is recent because the Central Bank approved in 2019 the establishment of a Takaful company among a group of licensed Islamic banks in Iraq, which requires shedding light on it to clarify its importance and the objectives that it wants to achieve in order to reach its success in the commercial and investment reality