Gulf Takaful

Gulf Takaful is a form of Islamic insurance based on the principle of mutual cooperation, where participants contribute to a shared fund to protect each other against financial losses. Unlike conventional insurance, it operates on Shariah laws, emphasizing fairness, transparency, and risk-sharing without charging interest or engaging in prohibited activities. Participants are both policyholders and owners of the Takaful fund, ensuring collective responsibility. It aims to provide financial security while aligning with Islamic ethical standards, fostering trust and social solidarity among members.