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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]
www.salama.ae. Salama Islamic Arab Insurance Company (Salama) is one of the world’s largest and longest-established Shariah compliant Takaful [1] solutions providers listed on the Dubai Financial Market [2], with paid-up capital of AED 939 million (USD 255 Million). Salama has been a pioneer in the Takaful industry from its incorporation in ...
Etiqa is an insurer and 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. It has over 10,000 agents, 46 branches, 17 offices, and a bancassurance network consisting of over 490 branches, cooperatives, brokers, and online platforms across ...
The idea of founding Weqaya Takaful Insurance and Reinsurance company has been resulted from the convergence of investment and economic visions for a number of investment companies specializing in private investments with the experienced insurance technical vision and strategy for a number of insurance experts, known in the Kingdom of Saudi ...
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The first Islamic insurance (or takaful) company – the Islamic Insurance Company of Sudan – was established in 1979. [65] The Amana Income Fund, [ 74 ] the world's first Islamic mutual fund (which invests only in Sharia-compliant equities), was created in 1986 in Indiana.