A concept for the sharing of risks based upon Islamic laws. Structured much like mutual insurance, takaful allows participants to pool their exposures to loss by each paying in a specific sum [..]

An Arabic word meaning “guaranteeing each other” or joint guarantee through mutual support and shared responsibility whereby a group of persons agree to jointly guarantee among themselves against a defined loss. Known as Islamic insurance, a form of insurance based on the Quranic principle of mutual assistance ( ta'awuni). Structured as a char [..]

A protection plan based on the Shariah principles. A person contributes a sum of money to a takaful fund in the form of participative contribution (tabarru') and undertakes a contract to become one of the participants by agreeing to mutually help each other, should any of the participants suffer a defined loss.

Known as ‘Islamic insurance’, Takaful means ‘guaranteeing each other’ in Arabic

Takaful is an Islamic insurance concept which is grounded in Islamic law. It is similar to mutual insurance and cooperative risk sharing but there are key differences including a clear segregation of [..]

Takaful is an Islamic insurance concept which is grounded in Islamic law. It is similar to mutual insurance and cooperative risk sharing but there are key differences including a clear segregation of [..]

Takaful (Arabic: التكافل‎, sometimes translated as "solidarity" or mutual guarantee) is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or sharia complian [..]