Islamic Protection Solutions (Takaful)
- The Takaful protection plan is a life insurance product based on Shari’ah principles and offers many unique features to policy owners.
- The general Takaful concept has you contribute a sum of money to a Takaful fund in the form of participative contribution (“tabarru’”).
- You will undertake a contract (“aqad”) for you to become one of the participants by agreeing to mutually help each other should any of the participants suffer any form of misfortune, either arising from death, permanent disability, loss, damage, or any other similar circumstances as covered under the Takaful you personally undertake.
