Engineering Takaful

Contractors’ All Risks Policy
Contractors’ All Risks Policy offers comprehensive and adequate coverage against loss or damage in respect to contract works of civil engineering projects, construction plant and equipment and construction machinery as well as third party claims in respect of property damage or bodily injury arising in connection with the execution of a construction project.

Contractors’ Plant and Machinery Policy
This policy is developed for the contractors. It offers comprehensive Takaful to contractor’s plant and machinery on an annual basis. It offers loss or damage occurring at work, at rest or during maintenance or during the transit of equipment and is not limited to a specific construction site.

Erection All Risks Policy
Erection Ali Risks Policy offers comprehensive and adequate protection during the period and stages of erection of the machinery, plant and steel structures of any kind as well as third party claims in respect of property damage or bodily injury arising in connection with the execution of an erection project.

Machinery Breakdown Policy
This cover intends to provide compensation in the event of the plant and equipment in case of any damage either by some extraneous cause or by its own breakdown.

Electronic Equipment’s Policy
This particular policy covers electronic equipment against risks such as Fire, Lightning, Explosion, Short Circuit, Burglary etc.

Boiler and Pressure Vessel Policy
The boiler is an integral part of many industrial plants. It is expensive equipment and always contains risk of explosion and collapse. The explosion not only destroys the boiler itself but cause catastrophic damage to surrounding property and machines. This policy covers the cost of repairs of boiler and pressure vessel and auxiliary equipment and surrounding buildings, machinery and other property.

Salient Features

  • A Shariah Compliant way to protect the risks
  • Profit Sharing
  • Excellent Services and Prompt settlement of claims
  • Tailored made services as per customer’s need
  • All Financial Transactions are duly vetted by the Shariah Advisor