At FNB Insurance Brokers, we understand how hard you work for your personal possessions, which is why we
want to help you protect them as comprehensively as possible.
Our FNB Insurance Brokers Takaful product offering gives you peace of mind that your possessions are
protected in a manner that complies with the requirements of Shari'ah.
Terms and conditions apply.
Defnition of "Takaful"
The word Takaful is derived from the Arabic root word Kafala meaning "mutual guarantee". It is an Islamic system of mutual corporation built around the concept of "Tabarru" (voluntary contributions). Each participant contributes to a fund to cover any losses, while also benefiting from a share of any surplus declared.
How does "Takaful" work?
Your contribution for participation is pooled under one fund i.e. participant's Takaful fund and will be used to pay for any contingency should any of the members who participate in the scheme suffer any catastrophic loss. In other words, each member of the scheme essentially protects others by guaranteeing compensation from the Takaful fund for the defined losses incurred by any members of the scheme.
The FNB Insurance Brokers Takaful offering is a Shari'ah compliant alternative to conventional insurance. The Takaful product suite provides comprehensive cover to suit your specific personal or commercial needs and requirements.
Why use FNB Insurance Brokers?