Takaful is Islamic insurance where policyholders or participants contribute money into a pool system to guarantee each other against loss or damage. Salaam Takaful Limited is an unlisted public limited company incorporated in Pakistan on 2nd June 2006 under the Companies Ordinance 1984 (Companies Act 2017) with fully paid-up capital of PKR800 million. The company has undergone a strategic transformation to better as a viable alternative to conventional insurance and to contribute positively and proactively to societal welfare and sustainable development through its core business.