Takaful
Car Insurance

Takaful is a Shariah-compliant alternative to conventional motor insurance. Participants contribute to a shared fund as a donation (tabarru), and claims are paid out of that fund. The operator manages the fund for a disclosed fee rather than profiting from the risk itself.

Yes. Takaful in Pakistan is regulated by the SECP under the Takaful Rules, and certificates are issued by licensed Takaful operators and window Takaful operations. The protection is recognised in the same way as a conventional motor policy.

Your contribution is made as a donation into the participants’ fund, so it is not refundable in the way a deposit would be. If you cancel mid-term, an unearned portion may be returned under the operator’s cancellation terms, and you may still be eligible for a share of any surplus.

If the participants’ fund holds more than is needed for claims and reserves at the end of the year, the balance is a surplus. Eligible participants may receive a share of it, usually in proportion to their contribution. Participants who claimed during the year may receive a reduced share or none, depending on the operator’s rules.

Report the incident to us as soon as it happens — within 48 hours for accidental damage, and immediately for theft, which also needs an FIR. We tell you which documents are needed, arrange the survey, and stay with the claim through assessment, approval and settlement.