Individual Life Products

Takaful is a form of Islamic Insurance which observes the rules and regulations of the Islamic Law. Takaful originates from the Arabic word "kafalah" which means "guaranteeing each other" or "joint guarantee". This concept is based on the idea of mutual co-operation, responsibility, assurance, protection and assistance between groups of Participants. As a form of mutual Insurance, Takaful adheres to the following principles:

• Participants cooperate amongst themselves for their common good
• Every Participant donates his/her contribution towards a common pool that is designed to assist those in need
• Losses are divided and liabilities are spread according to the community pooling system
• Uncertainty is eliminated in respect of subscription and compensation
• The concept of Takaful does not derive advantage at the cost of others