In addition to its conventional capabilities, ESKA Life flexibly enables you to build Takaful-based insurance schemes.

Takaful in ESKA Life provides you the option to design insurance schemes according to the Morabaha, Walakah, and Modaraba business models. It provides a robust solution for retaining and distributing profits on the eligible policies for each business line per insurance product. To help you design a Takaful-based system, ESKA Life supports various fee setups and calculation factors in addition to surpluses, capital reserves, incentives, and fund-management fees. ESKA Life also enables you to define participant and shareholder roles for your customers as well as Takaful-based operator and risk funds.

With ESKA Life, you and your clients can also channel any portion of investment revenues towards charitable causes you choose. Wielding Takaful-based methods for collectivizing risk, handling investments, and distributing payouts ultimately yields you a more diverse product portfolio that can appeal to a wider breadth of prospective customers.

Set up Morabaha, Wakalah, and Modaraba-based fee and calculation structures.
Define Takaful insurance pools and categories.
Manage and distribute your insurance pools’ surpluses.
Auto-calculate incentives, capital reserves, and profits.
Define Takaful-based operator and risk funds.
Direct any portion of investment revenues towards a charitable cause.