ABOUT HIBAH TAKAFUL
What is Hibah Takaful & How Does It Work?
Hibah Takaful is a Shariah-compliant financial protection plan that ensures your loved ones receive a lump sum payout in the event of your passing. Unlike conventional inheritance, Hibah (which means “gift” in Arabic) allows you to distribute the benefits directly to your chosen beneficiaries without the complications of faraid (Islamic inheritance laws).
Hibah Takaful also provides support for you to continue living in the event of Total Permanent Disability (TPD).
Apart from the Hibah Takaful, other Takaful plans are also available, including Medical Card, Critical Illness Protection, Personal Accident Protection, Savings and Investment Plans, and many more.
Why Hibah Takaful Is Essential for You?
Protect your Income
If you experience Permanent Total Disability, your ability to work will be severely impacted, and your income will likely be affected as well. By having Hibah Takaful for yourself, you'll receive a compensation payout to help you survive and maintain your livelihood, even if your income is lost.
Protect your Family
In the event of death, your family will lose their main source of income and their lives will be affected. Your assets will be frozen, and the process of claiming and distributing your estate will be lengthy and costly. What’s the solution? You need to provide Hibah Takaful for your family. It will help them "survive" and continue their lives smoothly after your passing.
Settling Debts and Loans
Anyone can accumulate debts like home or car loans. But have you considered what happens to these loans if you experience Permanent Total Disability or pass away? Will your family be able to continue repaying them? Hibah Takaful can replace your income and help manage and settle any debts, ensuring your family isn’t burdened.
Maintaining Lifestyle
You’re able to live comfortably now because your income is stable, but misfortune can strike at any time. What’s your plan if your income is lost? Your savings will eventually run out. That’s why Hibah is essential. It ensures your lifestyle and supports your family during unexpected events.
Protect your Assets & Investments
Accumulating assets like property, savings, and investments takes effort. You wouldn’t want to risk losing them due to poor planning. Hibah Takaful is an ideal solution to safeguard your assets.
HOW TO GET HIBAH TAKAFUL
Explore Hibah Takaful Options from Various Takaful Providers
