Introduction

Africa Retakaful has been Established in 2010 and commenced operations in September 2010.

Africa Re-Takaful 100% owned subsidiary by Africa Re, it has been established in response to increasing needs of African Insurance Takaful industry for specialized Regional Retakaful Operator, The Operation is from Cairo-Egypt.

Africa Re-Takaful provides various Retakaful products which were shari’a complaint products and which are essential for Takaful companies to meet their business requirements.

Africa Retakaful  shall always ensure that all Re-Takaful products required by a direct Takaful Insurance companies are available and those are in line with Shair’a and recommended by the Shari’a board.
 
Africa Retakaful adopt mixed between the two models (Wakala & Mudaraba).

The Retakaful operation of the company is based on Wakala basis with management expense as actual.

Mudaraba model for the investment basically sharing profit and loss with participants’ fund.