50-200 Employees · Insurance
Takaful is financial planning and protection that’s compatible with Islamic law.
Takaful concepts have always been practised in one form or another for most of the history of Islam. The word Takaful is derived from the Arabic verb kafala, which means to take care of one's needs.
If you take up a takaful certificate, your money or donation is pooled with that of others, and managed on your behalf by a takaful operator.
Losses are divided and liabilities are spread. Should someone suffer a covered loss, the payment of takaful benefit will be borne by a common pool of fund – known as ‘tabarru’ fund’.
So in effect Takaful is a co-operative for members of society based on the principles of solidarity, risk sharing and brotherhood.
KMK Group x FWD Takaful
Recruitment Agency
50-200
Insurance
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