Explaining Takaful Insurance

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.

All you need to know

Definition of "Takaful"

The word Takaful is derived from the Arabic root word Kafala meaning "mutual guarantee". It is an Islamic system of mutual cooperation 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.

Why FNB Takaful Insurance Brokers

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.

What we offer

World-class cover

Be assured of world-class cover and a claims handling process that is efficient with minimal disruption.

Professional advice

Receive professional advice from our experienced specialists who will investigate, advise and structure an appropriate solution.

Product specific cover

We offer product specific cover based on your specific needs and requirements and have partnered with a blue-chip underwriter, for your peace of mind.

Cost-effective

We will structure your policy to be cost-effective and cater for your needs.

Terms and conditions apply.

Get in touch

For more information about Takaful Insurance, contact us today.

Get in touch with us

Call us on 087 577 4777

Or call 0860 328 328

Email takaful@fnb.co.za

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