Shariah and takaful
Understand BJAK's Shariah position, how takaful differs from conventional insurance, and what Muslim customers should check before buying.
Yes. BJAK is an Approved Islamic Financial Adviser under Bank Negara Malaysia, though not a takaful operator: a product's Shariah status rests with its issuer.
Both are available on BJAK, and both are regulated by Bank Negara Malaysia. The difference is in how the money is structured, not in whether you are protected.
Yes. Muslim customers can compare and buy motor takaful on BJAK from licensed operators. Buying here does not change your certificate or its Shariah status.
Both protect you against financial loss; they differ in how that protection is structured. Conventional insurance transfers your risk to an insurer for a premium. Takaful pools contributions from participants who agree to help one another.
- Last reviewed:
- 1 Jul 2026
- Reviewed by:
- Compliance
- Next review:
- 1 Jan 2027
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