CO-OPERATIVE INSURANCE (TAKAFUL)
Islamic insurance is based on the principles of cooperation and mutuality.
As governed by the Company’s Memorandum and Articles of Association, our company conducts its operation on the basis of co-operative insurance in accordance with Sharia Rules and Principles.
WAKALA & MUDARIB FEES
Our company operates on behalf of the policyholders as an agent in managing the policyholders’ account.
This role is assumed in return of an annual fee to be fixed and approved by the Sharia Supervisory Board. At the date of First of July 2021, our agency or wakala fee percentage is set to be 25% of Takaful contributions , it was 20% before that date .
The company invests the policyholders’ funds as an advisor or a mudarib in return of a percentage of the profits resulting from these investments to be fixed annually by the Sharia’s Supervisory Board , starting from First of July 2021 the percentage has been changed to be 60% instead of 40% before that date .
ACCOUNTS SEPARATION AND INSURANCE OPERATIONS SURPLUS
Our company maintains a distinct and separate account for its policyholders.
This account is credited by the contributions paid by the policyholders as well as the returns of their investments. It is also debited by claims, reinsurance contributions, the necessary provisions and reserves and the wakala fee.
The surplus arrived at (if any) will be distributed in all or partially to the policyholders in proportion of the contribution paid by them in the manner decided by the Board of Directors and approved by the Sharia Supervisory Board.
LIQUIDATION OF THE COMPANY
In case of the liquidation of the company, all the funds accumulated in the policyholders’ accounts will be distributed to selected charities under the Sharia Supervisory Board’s supervision.

Our Website:-www.beema.com.qa