Money Takaful
Money takaful provides coverage against loss of money whilst in transit and money kept in the participant’s premises.
Basic Scope of Cover
- Loss of money in the personal custody and cover of the participant’s authorized employees whilst on direct transit between the participant’s premises and bank(s).
- Loss of money belonging to the participant or for which the participant is responsible shall be lost, destroyed and damaged whilst kept in the participant’s premises.
- Loss or damage to any safe or strong room belonging to the participant.
Eligibility
- All businesses that handle cash, cheques, credit card slips and bankers’ drafts.
Period of Takaful
- Duration of cover is for one (1) year. You need to renew your certificate annually.
