The word takaful comes from the Arabic root word Kafala, meaning "guarantee". Takaful therefore is the practice whereby individuals in the community jointly guarantee themselves against loss or damage. It was first established in the early Islamic era with the purpose of promoting mutual solidarity and co-operation among the Muslim community. In Takaful the elements of riba (interest), maisir (gambling), gharar (uncertainty) are removed from the operations. You will undertake a contract (aqad) for you to become one of the participants by agreeing to mutually help each other, should any of the participants suffer any form of misfortune, either arising from death, permanent disability, loss, damage or any other such misfortunes as covered under the takaful you personally undertake. The takaful protection plan is based on Shariah principles and offers many unique features to policy owners. There are two types of takaful businesses: family takaful and general takaful.