Takagate is a groundbreaking web-based platform designed specifically for the Takaful (Islamic Insurance) and Retakaful (Islamic Reinsurance) sectors. Our mission is to simplify and enhance the interactions and transactions between Takaful companies and Retakaful providers through innovative and secure technology.
What Makes Us Different
Globalization
Companies can find overseas collateral providers, facilitating globalization.
Innovative Financing Models
It enables innovative financing models and reduces dependency on traditional markets.
Time Savings
It accelerates communication between companies when they are securing collateral for their placements.
Secure Transaction
It does not get hindered by regulations in policies.
Fast and Easy Access
It facilitates interaction between takaful and retakaful companies worldwide.
Increases the Value of the Sector
Companies ensure the circulation of money within that sector by supporting companies in the same sector.
Frequently Asked Questions
The Takagate platform provides a global marketplace for Takaful and Retakaful companies. It uses blockchain technology, smart contracts and NFTs to create a decentralized and secure platform. This technology fully complies with Islamic principles while increasing transparency and efficiency in insurance transactions. This innovative approach offers a significant advantage over traditional methods in the industry.
The cost of using the Takagate platform generally includes transaction fees and commission fees depending on the services used. These costs are designed to be competitive while providing a high value, safe and efficient service. For specific pricing details, it’s best to contact Takagate directly or consult official pricing documentation.
Takaful, retakaful and brokers can become members of the takagate platform.
Yes, we use blockchain technology, smart contracts and NFTs to create a decentralized and secure platform.
No, the Takagate platform is not just for local use. It is designed to connect takaful and retakaful companies globally by providing a decentralized and secure marketplace operating in international markets.
Terminology
The work Takaful is derived from the Arabic root word Kafala meaning “mutual guarantee.” It is an Islamic system of mutual corporation built around the concept of “Tabarru” (voluntary contributions.) Each participant contributes to a fund to cover any losses, while also benefiting from a share of any surplus declared.
Retakaful is the Islamic alternative to conventional reinsurance and operates on Shariah principles. Re-insurance is best thought of as “insurance for insurance companies” or can say the Retakaful is a “Takaful for Takaful operators”. It is a way for a primary insurer to protect against unforeseen or extraordinary losses.
Insurance is a financial arrangement where an individual or entity (the policyholder) receives protection or compensation from an insurance company (the insurer) for specific risks or losses in exchange for regular payments known as premiums.
Reinsurance, often referred to as insurance for insurance companies, is a contract between a reinsurer and an insurer. In this contract, the insurance company—known as the ceding party or cedent—transfers some of its insured risk to the reinsurance company. The reinsurance company then assumes all or part of one or more insurance policies issued by the ceding party.
