General Takaful

General Takaful is a type of insurance based on Islamic principles that promotes mutual assistance. In this system, members contribute to a shared pool of funds to provide financial support in times of need, such as for property damage or accident claims. Unlike conventional insurance, which relies on profit motives and uncertainty, Takaful operates on the concept of cooperation and risk-sharing, ensuring that members help each other during difficult times. Any surplus from the fund may be distributed back to members or reinvested, aligning with ethical and Sharia-compliant practices.