Takaful Myths!

When it comes to Takaful, there’s a lot of curiosity and even more confusion. Over the years, we’ve heard plenty of questions and assumptions that simply aren’t true.

Today, we’re clearing the air by busting the myths people believe about Takaful. Let’s get into it

Myth 1: “Takaful is only for Muslims.”

Truth: Takaful is open to everyone.
While it is rooted in Islamic principles like mutual support, ethical investing, and risk-sharing, it is not exclusive to Muslims.

Anyone who values transparency, community-oriented finance, and fairness can benefit from Takaful regardless of their faith.

Myth 2: “Takaful is just another name for insurance.”

Truth: Takaful and conventional insurance are not the same.
In conventional insurance, the model is profit-driven, and policyholders essentially transfer risk to the insurer. Takaful, on the other hand, is cooperative. Participants contribute to a fund that supports anyone in the group who experiences a loss.

At Hilal Takaful, we don’t just protect you become part of a system built on shared responsibility and ethical values.

Myth 3: “You won’t get your money back if nothing happens.”

Truth: With Takaful, you may receive a surplus distribution.
If there’s no claim and the risk fund perform well, surplus may be shared with participants. That means you’re not just paying premiums your part of a transparent system where everyone benefits.

Final Thoughts

Takaful is more than insurance. It’s a smarter, values-based approach to securing your life, your family, and your future. Whether you’re new to the idea or just unsure how it works, we’re here to guide you every step of the way.

📲 Ready to #LiveAssured?
Visit www.hilaltakaful.ng to explore our plans or talk to an advisor today.