Takaful Re

Takaful Re, or re-takaful, is an Islamic form of insurance that operates on the principles of mutual cooperation and shared risk. In a Takaful system, participants contribute to a common fund, which is used to support members facing loss or damage, aligning with Islamic finance principles. Re-takaful specifically refers to the process where Takaful operators transfer or share some of their risk with another Takaful provider. This helps manage risks more effectively and ensures financial stability within the Takaful system while remaining compliant with Sharia law.