Takaful insurance contracts are alternatives that respect the Islamic principles of dealing and is based on solidarity.

This is done through the contribution by an insured of premiums that are wholly or partially donated for the purpose of constructing an insurance portfolio out of which indemnity shall be paid if a risk against which an insurance is established occurs.

Any surplus remaining after indemnity, expenses, fees and reservers are deducted, would be distributed among the insureds' (policyholders). Islamic takaful insurance aims at providing the service conventional insurance provides to the Insured (policyholder) within a religious lawful cooperative manner that is free from gharar which causes a contract to be fasid (illegitimate), riba and other prohibitions.

Gulf Insurance Company upon the request of its loyal customers has for this purpose established a unit to produce a range of takaful compliant insurance products as highlighted here below:

• Property & Casualty
• Motor
• Life & Medical
• Marine & Aviation

For more information call 22961877

Fax 22961879

email:takaful@gulfins.com.kw