Just found this (my lappy gave up the ghost so got a second hand desktop yesterday) but I think this might be related to Islamic banking, something about no interest on the account as its considered gambling.
By removing all of the elements that are considered âHaramâ it offers Muslims the same levels of insurance cover but in a way that does not compromise their beliefs.
These elements include:
Uncertainty and Gambling: In conventional insurance the policyholder loses all of their money (premium) if the covered risk does not occur during the stipulated period. This gives rise to uncertainty, which is Haram. And in cases where the insured against event occurs, the policyholder may receives a large amount of money against a small sum, which describes yet another Haram activity, "maysir" or gambling
Interest: Takaful is completely in accord with Islamic financial principles, hence no 'Riba' (interest) is earned or paid to the policyholder, which would again be Haram.
Christians had similar beleifs at onepoint, even carrying out the their own little "holocaust" on Jews in Britian, when we owed them to much (complete with special "jew badges"). (Circa 1200s).
Remember the Biblical story of Jesus emptying the temple? Of whom? Money men who charged interest.
The Qur'ans take on usury, is similar to a few other instructions inteh book. It is an "outlawing" of behaviour likely to be detrimental to the group at the time. Albeit framed as a religious requirement. In this case against loan sharks.
The Knights Templar, were sort of destroyed similarly to the Jews, (at around the same time) because as bankers, they owned most of Europe and certainly Philip IV of France owed them a bit of cash.
They also did not charge or give interest on moneys, lands or other goods given to their care..... although apparently they may have done a few "naughty, heretical" deals under the table to amass their wealth.
(note. Not incitement to racial violence, just my take on the various religious books).