About Us

About us

You can rely on us to provide high-quality services

Mission Vision Core Values

To provide quality Takaful services for both Islamic and conventional companies and all individuals through our products that meet the changing needs and requirements that are met in accordance with the Islamic Shari'a Principles

The most trusted provider of Takaful insurance services in Tanzania and within the East Africa region.

Sharia Compliance: We are committed at 100% Sharia Compliance.

Integrity: We focus on people and apply the highest ethical, moral and professional standards.

Leadership: We grow our leadership position by providing takaful packages to protect the policyholder's and shareholder's interests.

Professionalism: We are dedicated at professional conduct both internally and externally

Teamwork: We are a community with diverse knowledge and strengths that is working together at achieve a common goal which is the financial well-being of our customers.

First United Takaful Limited is registered as an Islamic Insurance (Takaful Operator) Company in the United Republic of Tanzania with Registration No. 155-821-809 and Headquarters located on Jamhuri Street, Dar es Salaam. We have been approved by the Regulator in Tanzania. Our objective is to safeguard wealth against financial risks and threats, protect assets and physical property against unpredictable occurrences, and potential loss in accordance with Islamic Sharia laws and principles

What Is Takaful?

Takaful is a type of Islamic insurance wherein members contribute money into a pool system to guarantee each other against loss or damage. Takaful-branded insurance is based on sharia or Islamic religious law, which explains how individuals are responsible to cooperate and protect one another. Takaful policies cover health, life, and general insurance needs

Keys

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Takaful-branded insurance is based on sharia or Islamic religious law and covers health, life, and general insurance needs.

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Understanding Takaful All parties or policyholders in a takaful arrangement agree to guarantee each other and make contributions to a pool or mutual fund instead of paying premiums. The pool of collected contributions creates the takaful fund. Each participant's contribution

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The takaful fund is managed and administered on behalf of the participants by a takaful operator, who charges an agreed-upon fee to cover costs. Much like a conventional insurance company, costs include sales and marketing, underwriting, and claims management.

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Those funds may be distributed to the participants as cash dividends or distributions, or via a reduction in future contributions.

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Takaful is a type of Islamic insurance wherein members contribute money into a pool system to guarantee each other.

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Any claims made by participants are paid out of the takaful fund.

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Each participant's contribution is based on the type of coverage they require and their personal circumstances. A takaful contract specifies the nature of the risk and the length of the coverage, similar to that of a conventional insurance policy.

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Any claims made by participants are paid out of the takaful fund and any remaining surpluses, after making provisions for the likely cost of future claims and other reserves, belong to the participants in the fund—not the takaful operator.