Retakaful vs. Conventional Reinsurance:
Retakaful Conventional
Tabarru' Sale
Risk sharing Risk transfer
Shariah investments Unrestricted
Surplus shared Surplus retained
Retakaful Conventional
Tabarru' Sale
Risk sharing Risk transfer
Shariah investments Unrestricted
Surplus shared Surplus retained
October 5, 2026 at 9:42 AM
Retakaful vs. Conventional Reinsurance:
Retakaful Conventional
Tabarru' Sale
Risk sharing Risk transfer
Shariah investments Unrestricted
Surplus shared Surplus retained
Retakaful Conventional
Tabarru' Sale
Risk sharing Risk transfer
Shariah investments Unrestricted
Surplus shared Surplus retained
How Retakaful Works:
1. Operator identifies risks to cede
2. Retakaful operator accepts
3. Operator pays Tabarru'
4. Claims paid when they occur
5. Surplus shared
1. Operator identifies risks to cede
2. Retakaful operator accepts
3. Operator pays Tabarru'
4. Claims paid when they occur
5. Surplus shared
October 5, 2026 at 9:42 AM
How Retakaful Works:
1. Operator identifies risks to cede
2. Retakaful operator accepts
3. Operator pays Tabarru'
4. Claims paid when they occur
5. Surplus shared
1. Operator identifies risks to cede
2. Retakaful operator accepts
3. Operator pays Tabarru'
4. Claims paid when they occur
5. Surplus shared
Day 37/1000 – The Takaful Mastery Series.
The Takaful Fund – Structure and Management.
What is the Takaful Fund? Pool of contributions donated by participants (Tabarru') for mutual protection. Owned collectively by participants.
The Takaful Fund – Structure and Management.
What is the Takaful Fund? Pool of contributions donated by participants (Tabarru') for mutual protection. Owned collectively by participants.
September 27, 2026 at 12:25 PM
Day 37/1000 – The Takaful Mastery Series.
The Takaful Fund – Structure and Management.
What is the Takaful Fund? Pool of contributions donated by participants (Tabarru') for mutual protection. Owned collectively by participants.
The Takaful Fund – Structure and Management.
What is the Takaful Fund? Pool of contributions donated by participants (Tabarru') for mutual protection. Owned collectively by participants.
Shariah Standard No. 26 Covers:
· Definition and types of Takaful
· Tabarru' requirements
· Wakalah and Mudarabah models
· Surplus distribution
· Deficit handling
· Investment restrictions
· Definition and types of Takaful
· Tabarru' requirements
· Wakalah and Mudarabah models
· Surplus distribution
· Deficit handling
· Investment restrictions
September 21, 2026 at 2:36 PM
Shariah Standard No. 26 Covers:
· Definition and types of Takaful
· Tabarru' requirements
· Wakalah and Mudarabah models
· Surplus distribution
· Deficit handling
· Investment restrictions
· Definition and types of Takaful
· Tabarru' requirements
· Wakalah and Mudarabah models
· Surplus distribution
· Deficit handling
· Investment restrictions
Core Philosophy:
Conventional = Commercial transaction
Takaful = Mutual cooperation
Contract:
Conventional = Sale (premium)
Takaful = Donation (Tabarru')
Conventional = Commercial transaction
Takaful = Mutual cooperation
Contract:
Conventional = Sale (premium)
Takaful = Donation (Tabarru')
September 14, 2026 at 12:06 PM
Core Philosophy:
Conventional = Commercial transaction
Takaful = Mutual cooperation
Contract:
Conventional = Sale (premium)
Takaful = Donation (Tabarru')
Conventional = Commercial transaction
Takaful = Mutual cooperation
Contract:
Conventional = Sale (premium)
Takaful = Donation (Tabarru')
Key Features:
· Affordable
· Customizable
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· Shariah‑compliant
· Affordable
· Customizable
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· Shariah‑compliant
September 11, 2026 at 11:13 AM
Key Features:
· Affordable
· Customizable
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· Shariah‑compliant
· Affordable
· Customizable
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· Shariah‑compliant
Key Features:
· Savings + Protection
· Long‑Term
· Income Stream
· Tabarru' (donation)
· Surplus sharing
· Shariah‑compliant
· Savings + Protection
· Long‑Term
· Income Stream
· Tabarru' (donation)
· Surplus sharing
· Shariah‑compliant
September 9, 2026 at 1:07 PM
Key Features:
· Savings + Protection
· Long‑Term
· Income Stream
· Tabarru' (donation)
· Surplus sharing
· Shariah‑compliant
· Savings + Protection
· Long‑Term
· Income Stream
· Tabarru' (donation)
· Surplus sharing
· Shariah‑compliant
Key Features:
· Savings + Protection
· Targeted
· Flexible
· Tabarru' (donation)
· Surplus sharing
· Shariah‑compliant
· Savings + Protection
· Targeted
· Flexible
· Tabarru' (donation)
· Surplus sharing
· Shariah‑compliant
September 6, 2026 at 1:26 PM
Key Features:
· Savings + Protection
· Targeted
· Flexible
· Tabarru' (donation)
· Surplus sharing
· Shariah‑compliant
· Savings + Protection
· Targeted
· Flexible
· Tabarru' (donation)
· Surplus sharing
· Shariah‑compliant
Key Features:
· Protection + Investment
· Flexible
· Investment choice
· Tabarru' (donation)
· Surplus sharing
· Transparency
· Protection + Investment
· Flexible
· Investment choice
· Tabarru' (donation)
· Surplus sharing
· Transparency
September 5, 2026 at 9:11 AM
Key Features:
· Protection + Investment
· Flexible
· Investment choice
· Tabarru' (donation)
· Surplus sharing
· Transparency
· Protection + Investment
· Flexible
· Investment choice
· Tabarru' (donation)
· Surplus sharing
· Transparency
Key Features:
· Cost‑Effective
· Customizable
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· Shariah‑compliant
· Cost‑Effective
· Customizable
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· Shariah‑compliant
September 4, 2026 at 10:21 AM
Key Features:
· Cost‑Effective
· Customizable
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· Shariah‑compliant
· Cost‑Effective
· Customizable
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· Shariah‑compliant
Key Features:
· Flexible
· Affordable
· Portable
· Tabarru' (donation)
· Surplus sharing
· Simple
· Flexible
· Affordable
· Portable
· Tabarru' (donation)
· Surplus sharing
· Simple
September 2, 2026 at 12:31 PM
Key Features:
· Flexible
· Affordable
· Portable
· Tabarru' (donation)
· Surplus sharing
· Simple
· Flexible
· Affordable
· Portable
· Tabarru' (donation)
· Surplus sharing
· Simple
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
September 1, 2026 at 2:45 PM
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
August 30, 2026 at 1:30 PM
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
August 26, 2026 at 7:12 PM
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
August 25, 2026 at 4:14 PM
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
August 24, 2026 at 6:15 PM
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
August 23, 2026 at 4:15 PM
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
August 22, 2026 at 1:35 PM
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
August 21, 2026 at 8:32 AM
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
August 18, 2026 at 12:41 PM
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· No riba
· Transparency
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· Shariah‑compliant investments
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· Shariah‑compliant investments
· Transparency
August 16, 2026 at 1:36 PM
Key Features:
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· Shariah‑compliant investments
· Transparency
· Tabarru' (donation)
· Risk sharing
· Surplus sharing
· Shariah‑compliant investments
· Transparency
Key Features:
· Tabarru' (donation)
· Risk sharing
· Short‑term contracts (12 months)
· Surplus sharing
· No investment component
· Tabarru' (donation)
· Risk sharing
· Short‑term contracts (12 months)
· Surplus sharing
· No investment component
August 14, 2026 at 9:52 AM
Key Features:
· Tabarru' (donation)
· Risk sharing
· Short‑term contracts (12 months)
· Surplus sharing
· No investment component
· Tabarru' (donation)
· Risk sharing
· Short‑term contracts (12 months)
· Surplus sharing
· No investment component
Key Features:
· Tabarru' (donation)
· Two accounts: PA (savings) + PSA (risk)
· Shariah‑compliant investment
· Surplus sharing
· Maturity benefit + Takaful cover
· Tabarru' (donation)
· Two accounts: PA (savings) + PSA (risk)
· Shariah‑compliant investment
· Surplus sharing
· Maturity benefit + Takaful cover
August 12, 2026 at 12:27 PM
Key Features:
· Tabarru' (donation)
· Two accounts: PA (savings) + PSA (risk)
· Shariah‑compliant investment
· Surplus sharing
· Maturity benefit + Takaful cover
· Tabarru' (donation)
· Two accounts: PA (savings) + PSA (risk)
· Shariah‑compliant investment
· Surplus sharing
· Maturity benefit + Takaful cover
The Takaful Difference:
Conventional Takaful
Profit‑driven Community‑driven
Surplus to insurer Surplus to participants
Unrestricted investments Shariah‑compliant
Commercial sale Donation (Tabarru')
Conventional Takaful
Profit‑driven Community‑driven
Surplus to insurer Surplus to participants
Unrestricted investments Shariah‑compliant
Commercial sale Donation (Tabarru')
August 11, 2026 at 9:01 AM
The Takaful Difference:
Conventional Takaful
Profit‑driven Community‑driven
Surplus to insurer Surplus to participants
Unrestricted investments Shariah‑compliant
Commercial sale Donation (Tabarru')
Conventional Takaful
Profit‑driven Community‑driven
Surplus to insurer Surplus to participants
Unrestricted investments Shariah‑compliant
Commercial sale Donation (Tabarru')
Islamic Fiqh Academy: Takaful is permissible because it's based on Tabarru' and mutual cooperation – free from riba, gharar, and maysir.
AAOIFI Standard 26 requires Tabarru'.
AAOIFI Standard 26 requires Tabarru'.
August 2, 2026 at 1:54 PM
Islamic Fiqh Academy: Takaful is permissible because it's based on Tabarru' and mutual cooperation – free from riba, gharar, and maysir.
AAOIFI Standard 26 requires Tabarru'.
AAOIFI Standard 26 requires Tabarru'.