Takaful Brunei Darussalam is comprised of two leading Islamic insurance companies, Takaful Brunei Am Sdn Bhd (TBA) and Takaful Brunei Keluarga Sdn Bhd (TBK) in compliance with the Takaful Order, 2008. Takaful Brunei’s heritage was established in 1994 and has over 20 years’ experience in the Takaful and Insurance industry and is recognized as a market leader for its innovative products and services.
The offering of Takaful provides a shariah compliant and holistic financial approach protecting assets against calamities whilst fulfilling one’s Islamic and moral obligations to the community complementing Brunei’s Malay Islamic Monarchy values. Takaful Brunei being the largest locally incorporated Takaful operator in the country, contributes growth and development to Brunei’s financial sector by providing protection products and services offered by TBA for General Takaful or Non-Life and TBK for Family Takaful or Life classes of business.
TBA provides a complete range of protection covers for corporate assets such as buildings, machinery, equipment, inventory goods, vessels, vehicles, workers and other types of assets against defined risks and exposures. Meanwhile TBK provides protection benefits for employees against death, disability and medical related expenses. Protection for personal and individual assets is also available, which includes private motor vehicles, home and contents, financing, domestic helpers, medical surgical expenses and others. In addition, TBK provides a wide array of protection and savings schemes complementing the nation’s savings culture values. Our certified Islamic Financial Planners will be able to advise financial solutions for children education, retirement planning, and wealth and health protection.
With our established presence in the market as a recognisable brand, over 100,000 individuals and corporations have entrusted us with their Takaful needs and become participants of Takaful Brunei. Our commitment to serve corporate and individual customers and have their continued trust in Takaful Brunei motivates us to deliver peace of mind closer to reality.
Types OF Insurance Offered by Takaful Brunei
Meaning of Takaful
In the Arabic context, the term “Takaful” is derived from the word “Kafala” which means to guarantee, guard and protect. Takaful means “guaranteeing each other”. In the Islamic interpretation, takaful is a pact among a group of members or participants that agree to always give mutual assistance to one another.
This coincides with Rasulullah Sallallahu `Alaihi Wassalam’s hadith:
Rasulullah Sallallahu `Alaihi Wassalam said: “And Allah supports and assists a person as long as he assists and helps other fellow men” (Hadith by Imam Muslim)
The purpose of Takaful?
Takaful system is a system of mutual cooperation and mutual assistance protection based upon the Quranic principles of “At-Ta’awuni”, and it is a channel that can allow an individual to make an initiative to HELP ONE ANOTHER TO FACE AND SHARE RISKS TOGETHER with PROVIDING BENEFITS TO EASE FINANCIAL BURDEN BETWEEN THEM.
What are the characteristics that differentiate between Takaful and conventional insurance?
• Has elements of `IBADAH
• Has element of TA`AWUN (Mutual Cooperation
• Has elements of TABARRU’ (Aim of Sincere Donation)
• No elements of RIBA’ (Interest Usury)
• No elements of MAISIR (Gambling)
• No elements of GHARAR (Uncertainty)
• Sharing of investment Profit (Al-Mudharabah)
• Distribution of net surplus on Hibah basis (Gift)*
Contact of Takaful Brunei
Takaful Brunei AM
Unit 9 & 10, Spg 493,
Kg Beribi, Jalan Gadong BE1118,
Negara Brunei DarussalamTel: +673 2442222 Fax: +673 2451808
Takaful Brunei Darussalam
Level 8, Dar Takaful IBB Utama
Jalan Pemancha, Bandar Seri Begawan BS8711
Negara Brunei DarussalamTel: +673 2239338 / 9339 / 9340 Fax: +673 2238945
Takaful Brunei Keluarga
Unit 1 & 2, Kompleks Seri Kiulap, Kg Kiulap
Gadong , Bandar Seri Begawan BE1518
Negara Brunei DarussalamTel: +673 2231100 Fax: +673 2237045