By 2004, the total gross written premium (GWP) for takaful business (life and non-life combined) had grown to just under $1.4 billion.
Takaful Insurance Resources
Understanding Takaful Practice
Takaful originates from Arabic word Kafalah, which means "guaranteeing each other" or "joint guarantee". In principle, the Takaful system is based on mutual co-operation, responsibility, assurance, protection and assistance between groups of participants
Pak-Qatar gets go-ahead
Pak-Qatar Family Takaful and Pak-Qatar General Takaful have received licences to begin offering their shariah compliant insurance products in Pakistan. Pak-Qatar General Takaful will cover sectors such as property, auto, marine and engineering, while Pak-Qatar Family will offer financial protection covering death or disability, health, education and retirement income plans. A number of Qatari firms are behind the two companies, including the Qatar National Bank and the Qatar Islamic Bank (Source)
