Adamjee Life was authorized to operate as a window Takaful operator on May-04, 2016 by SECP. Since then, Adamjee Family Takaful has strategic Banca Takaful partnerships with Leading Islamic Banks to provide Shariah compliant & Riba free investment and protection solutions to its clientele.
The word Takaful is derived from the Arabic word Kafala, which means to look-after; to help; to take care of one’s needs. Takaful is a system of Islamic insurance based on the principle of Ta’awun (mutual assistance) and Tabarru (voluntary contribution), where risk is shared collectively by a group of participants, who by paying contributions to a common fund, agree to supporting each other against loss or damage to any one of them as defined in the pact. Takaful is operated on the basis of shared responsibility, brotherhood, solidarity and mutual cooperation.
Family Takaful is a Shariah compliant riba free alternate to life insurance which follows Islamic directives and eludes any kind of speculation and uncertainty (Gharar) and usury (i.e. interest, or Riba). Takaful is structured to avoid these prohibited practices and introducing elements of mutual help (Taawun) and donation (Tabarru).
The Adamjee Family Takaful is the best way to fulfill your visions with Shariah compliance and through Islamic practices. Based on your saving capacity, we offer a range of diversified products, engineered with flexible payment options in accordance to your needs and plans.
Some of our partner banks are