Takaful is fast-becoming one of the most recognised forms of alternative insurance, rivalling conventional insurance brands. Takaful works in a similar way to a mutual insurance fund, and hence appeals to a global audience who prefer this form of ethical finance. It is especially attractive due to its mandatorily-employed principles of mutuality and transparency.
Complaints surrounding murky dealings in conventional insurance have promulgated Takaful and Retakaful products worldwide, giving rise to an appetite for Shariah compliant insurance products. (Press Release)