If you want Shariah-compliant savings and protection for your family, Family Takaful plans in Pakistan combine the security of insurance with the cooperative, riba-free structure of Islamic finance. Here’s the 2026 roundup of the best plans.
Our shortlist
- State Life Window Takaful — Family Takaful Savings (best for security)
- Pak-Qatar Family Takaful — Savings & Protection (best dedicated operator)
- Dawood Family Takaful — Endowment (best surplus history)
- Jubilee Life Takaful Window (best bancassurance access)
- EFU Hemayah Takaful (best unit-linked flexibility)
1. State Life Window Takaful — Family Savings Plan
Why it’s #1: The only Family Takaful plan in Pakistan with a government-backed operator. Combines Shariah compliance (Waqf-based Wakala-Mudarabah model, overseen by a dedicated Shariah board) with the security of State Life’s balance sheet.
- Entry age: 18–60
- Term: 10–30 years
- Minimum contribution: Rs 15,000/year
- Illustrated 20-yr multiplier: ~2.1×
2. Pak-Qatar Family Takaful
Why choose: Dedicated takaful operator since 2007. Purest Shariah structure with a full Shariah board (no window operations).
3. Dawood Family Takaful
Why choose: Strong surplus-sharing track record. Dawood group backing.
4. Jubilee Life Takaful Window
Why choose: Best distribution — buy through your local bank branch.
5. EFU Hemayah Takaful
Why choose: Multiple Shariah-compliant fund choices with top-up flexibility.
Comparison table
| Plan | Type | Min contribution | Illustrated 20-yr |
|---|---|---|---|
| State Life Window | Window | Rs 15,000 | ~2.10× |
| Pak-Qatar Family | Dedicated | Rs 18,000 | ~2.00× |
| Dawood Family | Dedicated | Rs 24,000 | ~1.95× |
| Jubilee Takaful | Window | Rs 24,000 | ~1.85× |
| EFU Hemayah | Window (unit-linked) | Rs 24,000 | Market-linked |
How to choose the right family takaful plan
- Prefer maximum security? → State Life Window Takaful (government guarantee applies).
- Prefer purest Shariah structure? → Pak-Qatar or Dawood (dedicated operators).
- Prefer investment upside? → EFU Hemayah unit-linked.
- Prefer bank branch buying? → Jubilee Takaful Window.
Frequently asked questions
Do Family Takaful plans qualify for Section 62 tax credit?
Yes — Family Takaful contributions are eligible under Section 62 like conventional life premiums.
What happens to the surplus?
Any surplus in the Waqf pool at year-end is distributed back to participants per the plan’s surplus-sharing formula.
Is death benefit paid immediately?
Once the claim documents are complete, family takaful operators typically pay within 15–30 working days.
Compare Family Takaful plans — browse all takaful options or book a Shariah-compliant advisor.