Al Rajhi Takaful Review, Offers, Rates & Alternatives

Al Rajhi Takaful is the insurance arm of the Al Rajhi banking group, operating on Islamic takaful (cooperative mutual) principles. It offers a wide product range including auto insurance, travel insurance, home insurance, life takaful, domestic worker insurance, visit visa insurance and retirement takaful plans. As the takaful arm of Saudi Arabia's largest Islamic bank, Al Rajhi Takaful benefits from strong brand recognition and an extensive distribution network. Takaful differs from conventional insurance in that participants contribute to a mutual fund from which claims are paid, with surplus distributed back to participants.