What Is Family Takaful

Tabarru contributions are made into al hilal takaful s takaful fund with the intention to help other participants faced with difficulties.

What is family takaful. Family takaful it is a contract of taburru where non zakat gift is made in customary interims to the waqf fund by the members. The company received the certificate of registration on 16 may 2008 having registration number 5 under the provision of section 6 of the insurance ordinance 2000. Takaful branded insurance is based on sharia or islamic. Etiqa is the takaful market leader and one of the top conventional insurers in malaysia.

At the same time you will enjoy a long term personal savings because part of your contribution will be deposited in an account for the purpose of savings. Archipelago life insurance window takaful underwrites family takaful classes of business including captives and retakaful. It is an islamic system of mutual insurance built around the concept of tabarru donation gift. Generally in pakistan family takaful operators are issuing membership under various types of unit linked plans.

We offer life and general insurance as well as family and general takaful products. A family takaful plan is an arrangement which rests on key shariah principles of mutual cooperation solidarity and well being of a community. There are 2 types of funds related with the participant. Family takaful provides you with a protection and long term savings.

Dawood family takaful limited dft was incorporated in pakistan as an unquoted public limited company on 4 may 2007 under the companies ordinance 1984 bearing registration number k 0060797. Group family takaful is a risk coverage plan that provides protection to participant employees in the event of death or disability so that a multiple of that employee s yearly salary can be paid to his her family or dependants to ease their financial difficulties. You or your beneficiary will be provided with financial benefits if you suffer a tragedy. Under this takaful all dangers related with human life are secured like demise handicap and ailment including here and now and long haul speculation needs.

We are regarded as the pioneering international insurer of both non admitted and locally admitted family takaful certificates in asia pacific. Under family takaful contracts membership is issued for longer term where minimum term is 5 years and maximum term can be up to age 85 years.