Takaful is an instrumental of Islamic insurance where the policy holders are contribute money into pool system to guarantee each members safety and protection from loss as well as damage. It is an alternative for commercial insurance industry that practices interest, gambling and uncertainty which these principles are prohibited in Islam.

Although takaful agency is spreading awareness on its benefits of protection of loss and damage still there are many people do not have takaful policy.

However, did you know that takaful industry is contributing to the country's economic growth? This has been proven by several key elements provided by the scholars that doing an intensive study.

Here is five elements on how takaful helps countries' economic growth. 

1. Offer protection against loss of goods and property. 

Takaful is the instrumental that providing the policy holders the guarantee of protection and loss of goods and property. Therefore, if accident happened, still the policy holders will have the cash flow in order to go through with their lives. By that understanding, people still have the buying power that enables them to continuing expenses then contribute to economic growth. 

2. Many new development and investment will be started. 

The takaful company that collect the fund will manage the fund to invest on new project such as investing in stocks or businesses to generate more revenue that will benefits their policy holders by given dividend every year. By setting up the new development, we could see that the more jobs are offers, demand and supply chain is continuing and of course tax will need to be paid to the government.