ISLAMIC PROPERTY INSURANCE-HOME TAKAFUL

The Islamic property insurance propose settlement that is made on an indemnity or reinstatement/replacement basis as specified, with deductibles/excesses, sub-limits, security and maintenance conditions, valuation requirements, and compliance with applicable law; the contract also specifies any high-risk or valuable items that need separate declaration and limit management.

What risks are covered by an Islamic property insurance ?

Here’s what a home takaful (Islamic property insurance) typically covers—same practical protection as a modern home policy, but structured and invested in a Shariah-compliant way.

Core property risks (buildings and/or contents)

• • Fire, lightning, explosion, smoke

• • Theft or attempted theft, malicious damage/vandalism

• • Storm, wind, hail, cyclone, bushfire/wildfire, and flood (often optional or area-dependent)

• • Escape of water (burst pipes, tanks, appliances), oil leakage

• • Impact (vehicle/animal/aircraft/trees), falling objects

• • Riot/civil commotion, glass breakage

• • Earthquake (and tremor-related damage), subsidence/landslide/heave (sometimes an add-on)

• • Outbuildings, garage, fences, fixed outdoor items (if listed), and tenant improvements (if applicable)

Extra costs & add-ons (wording-dependent)

• • Alternative accommodation / loss of rent after an insured event

• • Debris removal, professional fees, and reinstatement costs

• • Trace & access to find the source of leaks; lock & key replacement

• • Accidental damage (buildings/contents) as an optional extension

• • Personal possessions away from home (phones, laptops, jewellery—often with item limits)

• • Money/documents, frozen food, garden plants & outdoor furniture

• • Home emergency, legal expenses (optional in some markets)

Liability covers

• • Occupiers’/personal liability for injury or property damage to third parties

• • Property owners’/landlord liability (if the home is let)

• • Domestic employers’ liability (where required for household staff)

• • Optional trustees/management or event liability for community use of the premises

Landlord-specific (if insured as a let property)

• • Loss of rent or rent default (where offered), malicious damage by tenants

• • Landlord fixtures, appliances, and owner’s liability for common areas

Which home Takaful insurers propose an Islamic property insurance ?

Here are home / property / general / home takaful / Sharia-compliant property insurance providers for UAE, UK, USA, Canada, Malaysia, Pakistan and Indonesia.

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UAE

• • Salama (Islamic Arab Insurance Co.) — offers Home Takaful, Home Content Takaful. SALAMA

• • ADIB — “Household Takaful” / home content coverage. adib.ae

• • Watania Takaful General / National Takaful Company “Watania” — general takaful provider; likely to have property/home related covers under general takaful. 

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UK

• • NDI Takaful & Retakaful Ltd — a fully Shariah-compliant broker in the UK working with insurers to offer takaful products, including home insurance types. NDI Insurance

• • Islamic Mortgages / Islamic Mortgages info site — offers “Islamic Home Insurance – Takaful” as an alternative form. islamicmortgages.co.uk

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USA

• • (No strong evidence found of mainstream “home takaful” insurers in the U.S. as of current searches. Takaful insurance is much less developed in the U.S.)

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Canada

• • Ansar Co-operative Housing Corporation Ltd — provides takaful for home and auto insurance needs via a cooperative model. SHARIA BANKING

• • GetTakaful.ca — offers Shariah-compliant house insurance (“house insurance with takaful / Shariah-compliant protection”). gettakaful.ca

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Malaysia

• • Takaful Malaysia — major provider of both family and general takaful, including home / property covers. 

• • Etiqa Insurance & Takaful (Maybank Group) — offers general takaful including property/home risks. 

• • Takaful IKHLAS — provides home / house owner / householder takaful products. takaful-ikhlas.com.my

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Pakistan

• • Pak-Qatar General Takaful Limited — has a “Home Takaful” product. pqgtl.com.pk

• • Jubilee General Insurance (Pakistan) — offers “HomeCare Takaful” (i.e. home takaful option). jubileegeneral.com.pk

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Indonesia

• • Zurich General Takaful Indonesia (Zurich Syariah) — offers shariah-based general insurance / takaful products, including “Rumah Tinggal Syariah” (home insurance / protection for dwellings) under Shariah principles. zurich.co.id