What is a Takaful in the United-Kingdom?
In UK, an Islamic insurance (British Takaful) is a mutualised protection system in which policyholders act as participants who pool their risks; money is given as a donation to the pool rather than a price for gambling on risk.
In UK, British takaful enables Muslims to meet legal obligations (e.g., driving) and protect homes and families without compromising faith; because pricing, surplus handling and investments are explicit and values-based, it can raise trust and participation among households that might otherwise hesitate.
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In the United Kingdom, Islamic insurance wordings mirror UK market practice but are framed around cooperative risk sharing. You’ll see: covered perils/limits, excess (deductible), endorsements, and clear exclusions (e.g., wear & tear, commercial use if not declared).
What types of Takaful are available in the UK ?
In the UK, Takaful is recognized as a Shariah-compliant alternative to conventional insurance, and several broad types of Takaful structures are available, even if offered under different operational models. Here are the main categories:
1. Family Takaful — Life and protection cover for death, disability, or illness, funded by pooled contributions and invested only in halal assets.
2. General Takaful — Covers property, car, business, and liability risks through mutual risk-sharing instead of interest-based contracts.
3. Health Takaful — Helps pay medical and hospital costs, structured on cooperative principles with halal investments.
4. Specialized Takaful — Tailored products such as travel, professional indemnity, or community-based cooperative schemes.
Which Islamic insurers proposing Takaful are available in UK ?
Here’s a single, consolidated UK list (including brokers/initiatives and niche offerings—not just fully licensed insurers):
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- NDI Takaful & ReTakaful Ltd — UK Shariah-compliant insurance broker developing Takaful/Retakaful solutions. NDI Insurance
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- Islamic Home Insurance (Takaful) – IslamicMortgages.co.uk — Takaful-style home buildings/contents cover. islamicmortgages.co.uk
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- GPOD “Takaful” Protection Plans — Shariah-aligned protection offerings (advisory/brokered). GPOD
(Historic/defunct but notable attempts)
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- Principle Insurance / “Salaam Halal” — first UK Shariah-compliant insurer (launched 2008; later closed to new business).