Qafela
Takaful insurance
The company practices Takaful insurance of all kinds through the Takaful Insurance Department in the General Administration and the Misurata Takaful Insurance Branch. It is available to subscribers, including individuals, public entities, institutions and companies in accordance with Islamic Sharia and under the supervision of the approved Sharia Supervisory Board, with confirmation that the accounts of the branch are completely independent from the accounts of the company as it is the manager of the system. As well as the accounts of subscribers “document holders”. Also, investment operations are carried out in accordance with Islamic systems that are free from risk and usury. Funds are deposited and invested in banks that operate in accordance with Islamic banking systems. In addition, the reinsurance system is in which direct assignment is made to Takaful reinsurance companies, i.e. specialized in Takaful reinsurance or has a Takaful insurance window.