Is BJAK Shariah-compliant?

Functionally, both takaful and conventional insurance protect you from financial loss, but they differ in concept, structure and benefits.

• Riba — interest. Any guaranteed return on money itself. Takaful funds avoid interest-bearing instruments, both in how contributions are held and how they are invested.
• Gharar — excessive uncertainty. A contract where key terms or outcomes are unclear to one party. Scholars identify this in conventional insurance because you pay a fixed premium for a payout that may never come. Takaful addresses it by treating your contribution as a donation to a shared fund rather than a purchase of an uncertain payout.
• Maisir — gambling. Gaining at someone else's expense on a chance outcome. The concern is the win-or-lose shape of a conventional policy: claim and you gain, do not claim and your premium is gone. Risk-sharing removes that framing, because the fund belongs to participants either way.
• Ta'awun — mutual assistance. The founding principle of takaful. Participants agree to help one another from a shared fund, rather than each buying protection individually.
• Tabarru' — donation. The portion of your contribution given into the shared risk fund. Because it is a donation rather than a payment for a service, the transaction is not a sale of something uncertain.

Bjak Sdn. Bhd. (1339813-K / 201901030483) is an Approved Financial Adviser and Approved Islamic Financial Adviser regulated by Bank Negara Malaysia (BNM) under the Financial Services Act 2013 and Islamic Financial Services Act 2013.

BJAK does not:

• Underwrite or issue any product
• Decide whether a product is Shariah-compliant
• Appoint or sit on any Shariah Committee
• Change the terms of the underlying product
• Make binding recommendations on what to buy

In simple terms: BJAK is the place you compare and buy. The product, and its Shariah status, belongs to the operator.

Yes. BJAK provides access to takaful products from participating licensed takaful operators alongside conventional options, allowing customers to select plans matching their respective budgets, beliefs and driving needs.

Takaful providers on BJAK:

• Takaful Ikhlas General Berhad
• Syarikat Takaful Malaysia Am Berhad
• Zurich General Takaful Malaysia Berhad

The Shariah status of any product is determined by the underlying takaful operator — as well as other licensed Islamic Financial Institutions (IFI) — and its appointed Shariah Committee under Bank Negara Malaysia's Shariah Governance Framework, subject to the overriding authority of BNM's Shariah Advisory Council (SAC).

The SAC was established in 1997 and sits under section 51 of the Central Bank of Malaysia Act 2009. Every licensed takaful operator must maintain its own Shariah Committee under BNM's Shariah Governance Policy Document.

BJAK displays available quotes with explicit labelling to distinguish takaful operators from conventional insurers side by side.

• Enter your details — vehicle and personal information, used to retrieve quotes from participating providers
• Quotes are displayed — each quote shows the provider name and whether it is takaful or conventional
• You compare — coverage, add-ons, excess, sum insured and price, side by side
• You choose — BJAK does not make binding recommendations. The selection is yours
• The operator issues — the e-policy or e-cover note comes from the insurer or takaful operator you selected

Customers should review their vehicle and policyholder details, provider identity, Product Disclosure Sheet, coverage type, optional add-ons, excess terms and sum insured structure before completing payment.