Takaful Concept

Takaful means ‘guaranteeing each other’ in Arabic, it is an Islamic system of mutual insurance built around the concept of ‘cooperation’. Cooperative contributions are made with the intention of helping other participants face with difficulties and eliminating the resemblance of Takaful to gambling and exploitation. Each participant contributes to a fund to cover expected claims, while also benefiting from a share of investment returns.


Leave a Reply

Your email address will not be published. Required fields are marked *