This presentation provides an overview of Takaful (Islamic insurance): 1) Takaful is an alternative to conventional insurance that is based on mutual assistance and joint guarantee between participants. It follows Shariah principles by avoiding elements of uncertainty, gambling and interest. 2) There are different Takaful models including Mudaraba and Wakala that structure the risk-sharing arrangement and distribution of surplus between participants and the Takaful operator. 3) Takaful Pakistan Limited is a new Takaful company that aims to set benchmarks for client service, operations and prudent underwriting in the growing Pakistani Takaful market.