Share this entry

takaful Line breaks: taka|ful
Pronunciation: /ˈtɑːkəfuːl/

Definition of takaful in English:


[mass noun] Islam
A type of insurance system devised to comply with the sharia laws, in which money is pooled and invested.
Example sentences
  • The insurance business, in general, and takaful, in particular, is a developing business opportunity with tremendous potential throughout the [Middle East-North Africa] region, he added.
  • Although family takaful is the Islamic equivalent of life insurance, fundamental differences separate the two systems.
  • A better understanding of the principles behind takaful, the laying down of clearer rules for the formulation of policies and a defined role for agents and brokers are essential if market penetration is to increase.


Arabic, literally 'mutual obligation'.

Share this entry


What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

More on takaful

Nearby words

Translate takaful

into Arabic
Word of the day whippersnapper
Pronunciation: ˈwɪpəsnapə
a young, inexperienced person considered presumptuous or overconfident...