AlHuda CIBE Facilitates ARC to Establish Re-Takaful Facility

AlHuda CIBE has successfully facilitated the ARC to establish WAQF ReTakaful Facility, a groundbreaking Sharia-compliant, non-profit mutual structure established by the African Risk Capacity (ARC) Group. The facility was officially launched during a special launching ceremony held in Dubai, UAE, where key stakeholders and industry leaders gathered to mark a new milestone in Africa’s journey toward faith-based climate risk protection.

The ARC WAQF ReTakaful Facility will operate as a mutual, non-profit platform, pooling risks across participating countries to offer affordable, sustainable, and ethical reinsurance coverage. By focusing on agricultural and climate-related risks, areas often underserved by conventional insurance, the facility will help strengthen the resilience of communities most affected by natural disasters and extreme weather events.