 
Contact Address:
Takaful
Gambia Company Ltd
Banjul capital Head Office
Independence Drive
The Gambia, West Africa
Tel no: +220 4380158
4380155
4380157
Fax: +
Email: info@takafulgambia.com
Branches:
Kairaba Avenue - Tel no: as above
Basse Santa Su - "
Farafenni - T: -
"
Serrekunda T: - "
Tallinding Agency Office - T: - " |
Information:
Takaful Gambia Ltd.
 is
an Islamic insurance company which began in Banjul in
December, 2007. It is based on the principle "al-Mudarabah"
or profit sharing contract.
This system of Islamic Insurance is based on the concept
of "Takaful" which translated means "joint
guarantee".
With this in mind policy holders of TGL will be entitled
to earn revenue on the premium in consideration for
their use of TGL's products subject to the announcement
of profit.
Their policies include Banca Takaful, fire, travel,
personal accident, marine, medical and general car insurance
policies that cover most liabilities.
Membership is open to all individuals irrespective of
their religious beliefs.
All investment choices and operational issues are supervised
by a Sharia Advisory Council in Gambia.
Takaful Insurance Policies:
* Note: Life assurance is not covered.
Takaful has a broad selection of insurance policies
tailored to individual risks and allied perils which
you may face in The Gambia. It is of great importance
to them that each policy is suited to individual requirements.
| Policy Type |
|
Policy Cover |
| |
|
|
Advance Payment
Bond |
|
Advance Payment
Loss |
|
|
|
Banca Takaful
|
|
Loans (unemployment,
death) |
|
|
|
Property Burglary
(Business/Private) |
|
Breaking in theft. |
|
|
|
Cash In Transit |
|
Loss / theft of
money during transportation |
|
|
|
Employer's Fidelity
Guarantee |
|
Employee crime/embezzlement |
|
|
|
Employer's Liability |
|
Employee accident/injury |
|
|
|
General Fire Insurance |
|
Property damage,
personal injury |
|
|
|
Goods In-Transit
|
|
Goods In Transit
(damages/losses) |
| |
|
|
Personal Accident
Group |
|
Group death /
harm |
|
|
|
Marine Freight |
|
Maritime cargo
loss or damage |
|
|
|
Medical |
|
Medical (illness/injury) |
|
|
|
Car Insurance
(Third party / comprehensive) |
|
Motor damage /
public injury) |
|
|
|
Performance Bond |
|
Contractors |
|
|
|
Personal Accident |
|
Physical injury |
|
|
|
Public Liability
|
|
Public physical
injury |
|
|
|
Travel Insurance |
|
Sickness / loss
of luggage |
Claims Procedure:
It is the aim of Takaful to settle genuine claims in
a timely manner however, prior to making any claim it
is strongly recommended that you read fully and comprehend
the small print on your policy. This is because there
are important exclusion clauses and extras regarding
the risk you are insuring against. This should be made
clear to you when you first apply so if not then you
should ask questions pertaining to the relevant policy.
Costs & Premiums Policy:
Takaful Gambia Limited has a policy of not attempting
to compete in the insurance market by price cutting.
This is to ensure that the firm has sufficient funds
to meet any genuine claim.
Details of Takaful:
Fundamental elements of the Takaful Islamic insurance
system in order to ensure they are Sharia compliant
are:
• General Takaful Fund: This is comprised
of the individual premiums made by the policy holder
minus 20% to the company to cover costs and fees plus,
if any, investment profit made during the term.
• Sharing of Profits: Payments of under 20%, minus
costs, minus claims, plus investment income, less the
obligatory Zakat (charity payments) equals profit (20%
Takaful Ltd.'s portion, 80% policy holder's share).
• Participant: businesses or private people who
contribute to the Takaful insurance fund.
•
Premium: Money paid by participants into the Fund. |
