Takaful Emarat - Insurance (PSC) is a leading Shariah-compliant, DFM-listed insurance provider that we are proud to have partnered with to provide health insurance. Founded in 2008, Takaful Emarat is headquartered in Dubai.
Takaful Emarat offers a wide variety of services, delivering not only individual life and health Takaful products, but corporate too. Their products are inclusive of protection, savings and investment plans.
Takaful is a co-operative insurance system. Takaful Emarat works on the basis of mutual cooperation. As such, they don't charge interest!
Instead, what they do is pool the compensation in order to protect members during their time of need. Takaful Emarat follows both UAE law and the Shariah Supervisory Board. How does this differ from conventional insurance? With the conventional method involves investments are usually made which will incur risk and generate profits, these profits are then retained by the company.