What Is Takaful?

Takaful is a sort of Islamic insurance where members contribute money into a pool system to ensure one another against loss or damage. Takaful-branded insurance is grounded on sharia or Islamic religious law, which describes how individuals are accountable to collaborate and protect each other . Takaful policies cover health, life and  general insurance needs.

KEY FEATURES:

• Takaful is a sort of Islamic insurance where in members contribute money into a pool system to ensure one another against loss or damage.

• Takaful-branded insurance is grounded on sharia or Islamic religious law and covers health, life, and general insurance needs.

• Any claims made by participants are paid out of the takaful fund.