Ayady Takaful, the Islamic window of Allied Insurance Company, launched a new service called “Crop Takaful”.
The service was officially launched at a press conference held at the headquarters of Allied Insurance, where General Manager Ibrahim Firshan and Ayady Takaful Manager Fathimath Nizma gave information about the company’s latest product.
Crop Takaful is designed to protect and secure farmers by helping them overcome potential income constraints. This is an online instant service and does not require any only documentation to register. The Takaful facility provides coverage for compensation for damage to fields caused by natural disasters.
Farmers who experience losses during the Takaful plan period may submit photographs of the incident to receive compensation. The compensation includes costs incurred in cultivating the field and the estimated profit.
Ayady Takaful provides security for individuals and companies against financial losses in accordance with the principles of Islamic Shariah Law.
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