Takaful

Takaful is an alternative to conventional insurance. It is an Arabic word but not a Quranic word and literally means “Taking care of each other”. Technically, Takaful is a risk management technique in which members contribute in a common fund for getting their required coverage.

1. Conversion of an insurance company into takaful

2. Developing rules and regulations 

3. Establishment of a takaful company

4. Shariah audit 

5. Outsourcing Shariah compliance function 

6. Shariah Compliance Review and Audit

7. Capacity building/trainings of takaful company staff

8. Conducting awareness seminars 

9. Marketing of products

10. Facilitating clients in taking appropriate takaful coverages on minimum rates

11. Facilitating clients in lodging claims with takaful companies

frequently asked questions