INTRODUCTION TO TAKAFUL.  

TAKAFUL is the Islamic alternative to investments and insurance. It embodies the concept of Tabarru’ (helping one another) and Al-Mudharabah (profit sharing). It is developed with the community in mind with the aim to promote and educate the public on the importance of financial planning the Islamic way.

CONCEPT OF TAKAFUL 

• it is free from Riba’ (interest bearing elements)  
• free from Maisir (elements of speculation & gambling)  
• No Al-Gharar (uncertainties)  

all investments are in halal counters according to Syariah.

CONCEPT Of TABARRU’                                            

Participants in the Takaful scheme agree to help one another by contributing part of their premiums like a donation to the Tabarru’ fund. Each participant agrees that his contributions can be used to help other participants within the Takaful scheme managed by the Takaful operator ( Insurance Company )  

THE PRINCIPAL OF AL-MUDHARABAH 

The contract of Takaful is based on the principal of Al-Mudharabah or trustee profit sharing. 

ISLAMIC ADVISORY BOARD 

All investment instruments and contract terms are vetted and approved by the IAB to ensure that all Takaful contributions will be invested strictly in accordance with Islamic principles. 

The IAB has the full right to inspect or review the books and records of the Takaful business to ensure compliance with Islamic principles. 

Screening Process For Halal Investments. 

Stocks of companies whose primary business is in areas not suitable for Islamic Investment purposes such as : 

• Alcohol  
• Pork related products  
• Conventional financial services 

Also excluded are :

• Entertainment industries  
• Tobacco  
• Defence or weapons  
• Companies who have revenues from prohibited business activities  

After removing the above companies , the remaining universe is tested by 3 financial ratio ‘filters’. The purpose is to remove companies with unacceptable financial ratios like :

• Companies selected must have a debt to market capitalization ratio equal to or less than 33%  
• Must have account receivables to total asset ratio equal to or less than 47%  
• Must not receive more than 9% o total income from non-operating interest income activities.  

Purification Process 

In line with international Islamic practice , the Takaful funds will adopt a process of purification by way of deducting 5% of all dividends earned by the fund for charity. 

OBJECTIVES OF TAKAFUL. 

• Maximising CPF Investmants.  
• Children’s education policy.  
• Financial protection from critical illness and permanent disability  
• Retirement planning.  
• Savings Plan  

Takaful Products :

• Takaful Warisan
  
  Takaful Warisan embodies the concept of Takaful, which is based on the concept of "Al-Wadiah" (Guaranteed Custody) and "Al-Mudharabah" (Trustee Profit Sharing).
• Pengurus Simpanan Takaful
  
  Pengurus Simpanan Takaful adopts the concept of Takaful in which each participant donates a portion of their regular Takaful contribution as a Tabarru'.
• Takaful Asset Manager
  
  Takaful Asset Manager is a single premium investment-linked plan which provides you the facility to invest into Syariah approved funds.

We can also help you to plan and participate in some of our top Takaful funds :

• Takaful Asia Pacific Fund - The first Shariah compliant fund to focus on Asia Pacific. You can take advantage of this region's investment opportunities in accordance with Islamic principles.
• Takaful Global Fund - seeks to generate a capital appreciation over the long term and regularly outperform its benchmark, the Dow Jones Islamic Markets (DJIM) Index by investing in carefully selected global equities in compliance with Islamic investment principles.
• Takaful Capital Protected Fund - Singapore 's first Takaful equity fund specially structured with a protection strategy to limit the impact of any adverse equity market movements. In a good market the fund aims to deliver good potential returns, while in a declining market it aims to protect against major falls.
• Amanah Equity Fund - To achieve long-term capital appreciation by investing in a diversified global portfolio of equities issued by companies considered to be in compliance with islamic guidelines. The fund is designed based on Islamic principles.
• Amanah Bond Fund - To provide a medium to long term rate of return through investing in mainly fixed income instruments considered to be in compliance with Islamic guidelines

Which one to choose? Which is suitable for you? How to diversify your investments to minimize risk? Let us help you to plan for your financial future. 

We will provide you with in-depth reports and comparisons to help you to decide which Takaful plan from which company and which Takaful fund here will help you to achieve your financial goals , be it for children's education planning , retirement planning , savings or protection against unforeseen circumstances like death , permanent disability , crtical illness or accidents.

Our promise to you… We can Help You To Shop For The Best In The Market, Insya-Allah.  Contact us now for an appoinment and free 1 to 1 consultation.