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Private Sector & Adaptation

Dealing with risks and seizing &
financing opportunities in the private sector

Private Sector & Adaptation

Dealing with risks and seizing & financing opportunities in the private sector

Salaam Takaful Limited

https://www.salaamtakaful.com/

Salaam Takaful delivers instant, trigger-based payouts with no claim delays, ensuring a transparent and dispute-free process supported by expert advisory services. The company offers a fully Shariah-compliant alternative to conventional insurance and enhances farmers’ productivity by providing climate-smart guidance that helps boost farm yields.

Business Model

Salaam Takaful’s business model provides Shariah-compliant parametric crop insurance to smallholder farmers, offering automated payouts triggered by weather events. Revenue comes from premiums paid by farmers and partner institutions, technology service fees, and surplus sharing under Takaful principles, supported by partners such as data providers, agritech firms, banks, and NGOs.

Adaptation Impact

Salaam Takaful strengthens climate adaptation by protecting smallholder farmers from weather shocks through parametric insurance with fast, data-driven payouts. Complemented by climate-smart training, digital monitoring tools, and partnerships for sustainable agriculture, it enhances farmers’ resilience and recovery capacity.

Gender relevance