Takaful Malaysia

Takaful Malaysia is a cooperative insurance model based on Islamic principles. Unlike conventional insurance, where the insurer takes on risk, Takaful operates on mutual assistance among participants who contribute to a shared fund. This fund is used to provide financial support to members in case of loss or damage. Takaful emphasizes ethical investments and social responsibility, ensuring that the operations align with Islamic law (Shariah). Participants receive returns from the fund based on surplus or investments, fostering a sense of community and shared responsibility while providing protection against unforeseen events.