Fire Takaful Plans in Malaysia: A Comparative Assessment

Takaful, the Shariah-compliant alternative to insurance, provides protection against unexpected risks through principles of mutual cooperation (ta’awun). Fire remains one of the most significant
perils to property owners, underscoring the importance of fire Takaful plans. In Malaysia, a variety of such plans are offered by different operators, particularly for home and property coverage. This
study aims to compare the fire Takaful plans for individual available in the Malaysian market, highlighting their similarities, differences, and unique features. A qualitative content analysis was
conducted using secondary data drawn from product brochures, disclosure sheets, and policy documents. The analysis focuses on coverage scope, sum covered, additional coverage and major
exclusions embedded in the plans. The findings are expected to improve public understanding of fire Takaful, support consumer decision-making, and provide implications for enhancing transparency and competitiveness within the Malaysian Takaful industry.