Takaful is an Arabic word that originally meant “taking care of one’s requirements” or “self-guaranteed duty.” As a result, the term “takaful” denotes shared accountability, shared guarantee, group assurance, and/or joint promises by a group.
Takaful is an Arabic word that originally meant “taking care of one’s requirements” or “self-guaranteed duty.” As a result, the term “takaful” denotes shared accountability, shared guarantee, group assurance, and/or joint promises by a group.