The session brought together imams and community leaders to discuss how takaful works, its role in financial protection, and how it aligns with Islamic values of mutual cooperation, shared responsibility and ethical risk-sharing.
The company said the initiative is part of its broader efforts to make insurance more inclusive and accessible to underserved communities, particularly in Muslim-majority areas.
Why it matters
Takaful remains less understood in many parts of the country, despite its potential to address protection gaps among Muslim Filipinos who seek financial solutions consistent with their faith.
Community-based engagement
Pru Life UK said engaging religious leaders is critical to improving awareness, as imams play a trusted role in guiding communities on matters that intersect faith and daily life.
During the dialogue, participants discussed common misconceptions about insurance and how takaful differs from conventional insurance by avoiding interest, uncertainty and gambling, which are prohibited under Islamic law.
The discussions also highlighted how takaful can support family protection, health coverage and long-term financial security while remaining compliant with Shariah principles.
Faith-aligned protection
Company representatives shared insights on how takaful products are structured, emphasizing the concept of mutual assistance among participants rather than profit-driven risk transfer.
Pru Life UK said the dialogue allowed both sides to exchange perspectives, helping ensure that product education reflects not only technical features but also religious and cultural considerations.
Building local trust
Religious leaders welcomed the opportunity to engage directly with the insurer, noting that clearer understanding of takaful would help them better guide their communities on financial protection options.
The company said such engagements help bridge information gaps and foster trust, particularly in areas where formal insurance uptake remains low.
Inclusive finance push
Pru Life UK said it plans to continue working with community leaders, educators and local institutions to expand takaful literacy and strengthen financial inclusion in Mindanao.
The insurer added that community-based education complements broader industry efforts to develop Islamic finance in the Philippines, where demand for Shariah-compliant financial products is growing.
What’s next
The company said insights from the dialogue will be used to refine education initiatives and outreach programs, ensuring that information on takaful remains clear, culturally sensitive and accessible.
Pru Life UK said it remains committed to supporting faith-aligned protection solutions that empower families and communities to build long-term financial resilience. —Ed: Corrie S. Narisma
