This article includes a list of general references, but it lacks sufficient corresponding inline citations. Please help to improve this article by introducing more precise citations.(August 2016) (Learn how and when to remove this message)
Takaful (Arabic: التكافل, sometimes translated as "solidarity" or mutual guarantee)[1] is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or sharia-compliant alternative to conventional insurance, which contains riba (usury) and gharar (excessive uncertainty).[2]
Under takaful, people and companies concerned about hazards make regular contributions ("donations") to be reimbursed or repaid to members in the event of loss, and managed on their behalf by a takaful operator.[3] Like other Islamic finance products, Takaful is grounded in Islamic Muamalat (commercial and civil acts or dealings branch of Islamic law).
In 2018, the takaful industry had grown to a size of $27.7 billion of "contributions" (from a 2011 figure of $12 billion).[4] The movement has been praised as providing "superior alternatives" to insurance that "reinvigorate human capital, emphasize personal
dignity, community self-help, and economic self-development";[5] but also criticized as having "dwindled" in scope to an industry of "conventional insurance with Arabic terminology and language of contract".[6]
^Khan, What Is Wrong with Islamic Economics?, 2013: p.403
^Khan, What Is Wrong with Islamic Economics?, 2013: p.402
^Ajmal Bhatty, President & Chief Executive Officer, Tokio Marine Middle East, Takaful Summit 2011.
^"Islamic Financial Services Industry Stability Report 2019, Page 10". Islamic Financial Services Board. July 2019.
^Cite error: The named reference PfEoTit21C was invoked but never defined (see the help page).
^Khan, What Is Wrong with Islamic Economics?, 2013: p.410
Takaful (Arabic: التكافل, sometimes translated as "solidarity" or mutual guarantee) is a co-operative system of reimbursement or repayment in case of...
Syarikat Takaful Malaysia Keluarga Berhad (Takaful Malaysia or Takaful Malaysia Keluarga) is the first takaful operator in Malaysia. Takaful Malaysia...
Prudential BSN Takaful Berhad (PruBSN) is a Malaysian takaful company. It was founded in 2006 and is a joint venture between Bank Simpanan Nasional and...
Life Takaful HSBC Amanah Takaful (Malaysia) Sdn Bhd Etiqa Takaful Berhad Prudential BSN Takaful Berhad Syarikat Takaful Malaysia Berhad Takaful Ikhlas...
insurance company, AmMetLife Insurance Berhad, and family takaful operator, AmMetLife Takaful Berhad. The companies are joint ventures between AmBank Group...
Insurance Company SAOG (commonly known as Al Madina Takaful, Arabic: المدينة تكافل) is an Omani takaful company. It was founded in 2006 as an insurance company...
takaful operator in ASEAN. It is a member of the Maybank Group, offering life and general insurance policies, as well as, family and general takaful plans...
National Takaful Company (Watania) PJSC (Arabic: وطنية للتكافل) is a takaful company based in Abu Dhabi, United Arab Emirates. The company was created...
is the successor to two former takaful operators—ING Public Takaful Ehsan and AIA AFG Takaful. ING Public was the takaful joint venture between ING Group...
Abu Dhabi National Takaful Company PSC (Arabic: شركة أبوظبي الوطنية للتكافل ش.م.ع.) -- known simply as Takaful, تكافل, or ADNTC -- was established in...
National Takaful Company may refer to: Abu Dhabi National Takaful Company National Takaful Company (Watania) This disambiguation page lists articles associated...
Hilal Group comprises three adjunct Al Hilal Bank units: Al Hilal Takaful provides "Takaful" Islamic insurance products covering Property, Liability, Engineering...
Weqaya (Arabic: وقاية), known also as Weqaya Takaful Insurance and Reinsurance Company, is one of the largest joint stock companies in Saudi Arabia, with...
grouped under Mayban Fortis Holdings Bhd 2002 – Mayban Takaful Bhd commences operations, the first Takaful company owned by a conventional bank in Malaysia...
RAKBANK: The National Bank of Ras Al Khaimah TKFL: Abu Dhabi National Takaful Company AWNIC: Al Wathba National Insurance Company MULTIPLY: Multiply...
The Islamic Insurance Company, also known as the FISO-TAKAFUL, is a private insurance firm based in Mogadishu, Somalia. The Islamic Insurance Company...
company based in Canada, Al Madina Takaful (26 percent), an Omani takaful operator, and Watania (51 percent), a takaful operator based in Abu Dhabi. Al Barwani...
joint venture in 2018, acquiring 49% of HSBC Amanah Takaful (Malaysia), now renamed FWD Takaful (Malaysia). In June 2019, FWD Group purchased MetLife's...
Economics Banking Economic history Sukuk Takaful Murabaha Riba Hygiene Ghusl Miswak Najis Tayammum Toilet Wudu Family Marriage Sex Haya Marriage contract...
and Rockfam (Pvt) Ltd. He also holds directorship in Amana Takaful Life PLC and Amana Takaful (Maldives) PLC. He also served in as one of the members of...
of Bursa Malaysia Securities Berhad. MNRB's other subsidiaries include Takaful Ikhlas and Malaysian Re (Dubai) Ltd which serves Malaysian Re's Middle...
Course Coordinator for Islamic Law of Transactions and Islamic Banking and Takaful. She was a Research Committee for Review of Islamic Banking Laws, Central...
Economics Banking Economic history Sukuk Takaful Murabaha Riba Hygiene Ghusl Miswak Najis Tayammum Toilet Wudu Family Marriage Sex Haya Marriage contract...
offers Shariah-compliant services. In 2024, that unit started offering "Takaful Insurance" in the sectors of automobile, home, business, fire, transportation...
cooperative insurance) contains gharar and is haram (forbidden). In its place takaful or cooperative insurance "built on principles of voluntary contribution...
GPS Inc. v Syarikat Takaful Malaysia Berhad is a 2011 decision of the Supreme Court of the United Kingdom on marine insurance and the law of carriage...