Cover for your vehicle and the people you share the road with
Property Takaful protects buildings, contents, stock and equipment against fire, natural perils, burglary and other sudden loss. Homeowners and tenants can choose Home Takaful, with optional liability cover and loss of rent or alternative accommodation. Businesses and institutions can cover their premises under Fire and Special Perils or Industrial All Risks Takaful, add Business Interruption Takaful to protect income after damage, and protect cash, stock and valuables against theft and employee dishonesty.
Your contribution is made to a participants' risk fund as Tabarru', and the fund pays covered claims. Kalkaal manages it as Takaful operator for a disclosed Wakala fee, under the oversight of its Shariah Supervisory Board.
To get started, send an enquiry. A Kalkaal advisor explains the cover, exclusions and contribution before you decide.
Why this cover
- Cover for homes, shops, offices, warehouses, factories and institutions
- Business Interruption Takaful to protect income while damaged premises are restored
- Theft, money and employee dishonesty cover for businesses that handle cash and stock
- Optional liability and alternative accommodation cover for homeowners and tenants
Your contribution What you pay for your cover. Part of it is Tabarru’ to the shared fund.Glossary goes into a shared fund that pays eligible claims; Kalkaal manages the fund for a disclosed Wakala Agency: participants appoint Kalkaal to manage the fund for an agreed fee, disclosed in your quotation and schedule.Glossary fee.
Cover options
Fire and Special Perils Takaful
Covers buildings, contents and stock against fire, lightning, explosion and special perils such as storm, cyclone, tempest and flood. A burglary extension can be added.
Home Takaful (Householder)
Covers your home and its contents. Liability to third parties and loss of rent or alternative accommodation can be added as options.
Business Interruption Takaful
Covers loss of gross profit and extra working costs while your business recovers from damage accepted under your property cover.
Industrial All Risks Takaful
Wide cover for factories and large commercial sites against sudden physical loss or damage, unless specifically excluded.
Burglary and Housebreaking Takaful
Covers theft of contents and stock after forcible entry to your premises, and damage caused by the break-in.
Money Takaful
Covers cash and other money in transit, on your premises during business hours and in a locked safe, as stated in your schedule.
Fidelity (Employee Dishonesty) Takaful
Covers loss of money or goods caused by theft, fraud or dishonesty by your employees.
All Risks Takaful (portable valuables)
Covers jewellery, cameras, laptops and other valuables you carry against loss or accidental damage within the territory stated in your schedule.
What’s covered
- Fire, lightning, explosion and smoke damage
- Storm, cyclone, tempest and flood, where included in your schedule
- Burglary and housebreaking involving forcible entry
- Money in transit, on your premises or in a locked safe
- Loss of money or goods caused by employee dishonesty
- Loss of gross profit and extra working costs after covered damage
- Liability to third parties and loss of rent or alternative accommodation, optional on Home Takaful
Not covered and conditions
- Wear and tear, gradual deterioration, rust, damp, vermin and insects
- Theft without forcible entry, unless your schedule says otherwise
- Buildings left unoccupied for longer than the period stated in your schedule
- Loss caused deliberately by you or by someone acting for you
- Electrical or mechanical breakdown, which is covered under Engineering Takaful
- Claims may be reduced if property is covered for less than its full value
- Full exclusions, waiting periods and deductibles are set out in your quotation and policy wording.
ClaimsHow claims work
How to claim
- Make the property safe and take reasonable steps to protect it from further loss or damage.
- Report burglary, theft or malicious damage to the police straight away.
- Keep damaged items for inspection. Do not throw them away or start permanent repairs until Kalkaal agrees.
- Photograph the damage and list everything affected.
- Notify Kalkaal within the period stated in your schedule.
Documents you will usually need
- Completed claim form
- Police report for burglary, theft or malicious damage
- Fire brigade report, for fire claims, where available
- Photographs of the damage and a list of damaged or stolen items
- Purchase invoices, receipts or the asset register showing ownership and value
- Repair or replacement estimates
- Accounts and records supporting a business interruption claim
What you’ll need for a quote
- An asset register, or a list of buildings, contents, stock and machinery with values
- The address, construction (walls and roof) and use of each building
- Fire protection and security details, such as extinguishers, alarms, guards and safes
- Recent annual turnover, wages and auditors' fees, for business interruption cover
- How much money you carry and keep on site, for Money Takaful
- Receipts or valuations for jewellery, cameras and other portable valuables
- Details of any past losses at your premises
FAQs
I rent my home. Can I cover just my contents?
Yes. Home Takaful can cover the contents of a rented home, such as furniture, electrical items and personal belongings, without covering the building, which is usually the landlord's responsibility. You can also ask about optional liability cover. List the items you want to cover and their replacement value, so your contribution reflects what you own.
What does Business Interruption Takaful add to property cover?
Property cover pays to repair or replace damaged buildings, contents and stock. Business Interruption Takaful covers the income you lose while the business recovers, such as loss of gross profit and the extra cost of keeping trading. It applies only after damage that your property cover accepts. A Kalkaal advisor will ask for your turnover, wages and auditors' fees to set it up.
Why does the value I declare matter?
The values you declare should reflect the full cost of rebuilding or replacing your property. If you cover property for less than its full value, any claim may be reduced in proportion to the shortfall. Review your values every year, and tell Kalkaal when you buy new equipment, add stock or extend your premises.
You may also need
Medical cover for your family and your workforce
Cover for your cargo, your vessels and your port operations
Request a call back
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