TAKAFUL

The concept of Takaful which simply means " joint solidarity " , arises from the early Arab concept that made mutual protection and shared responsibility to be an important basis of their life principles. Takaful constitutes an important and inseparable part of the social economic fabric of the Islamic society. It has a direct effect on the wellbeing of individuals and because it reflects the desire of the group to participate in bearing the material effects of any risk or harm that might affect a member of the Group or his property. From this standpoint, it provides, in a suitable way, fairness and justice for all elements of the society without discrimination, whether they were individuals or businessmen or tradesmen or groups As such , Takaful insurance - which flourished after the rise of Islam - is in reality a part among society members (participants) for the purpose of collective participants in bearing material effects left by the harm that befalls one or more of them. To..

Registration numbers: 15213 (W)