A cooperation protocol was signed between the Bağımsız Sanayici ve İşadamları Derneği (Independent Industrialists' and Businessmen's Association) (MÜSİAD) and Bereket Sigorta Group for the purpose of introducing and popularizing participation insurance, also known as " takaful insurance".

The signing ceremony held at the MUSIAD headquarters was held with the participation of MUSIAD President Abdurrahman Kaan and Bereket Insurance, Bereket Retirement and Bereket Takaful General Manager Mahmut Güngör.
Speaking at the ceremony, MÜSİAD Chairman Abdurrahman Kaan pointed out the importance of takaful insurance and emphasized the importance of the culture of solidarity that this concept contains. Stating that takaful insurance is a type of mutual insurance carried out through cooperation, Kaan noted the following:
"The aim here is to ensure solidarity and cooperation among the people included in this insurance. In fact, unlike classical insurance, in this system, the premiums collected in the donation system are taken as contributions and collected in a pool. This accumulated amount is used to eliminate the loss of the victimized policyholder in case of damage. With these qualities , it is possible to say that takaful insurance can be used as a very important alternative risk management system in Türkiye. Global takaful assets, which have reached approximately 50 billion dollars, are increasing their share and importance among all Islamic financial assets day by day. However, when evaluated together with our vision and mission regarding the popularization of interest-free financial instruments as a part of the Islamic financial ecosystem, we need to increase the importance we show to takaful insurance."
Kaan stated that the developments in the participation finance system in Türkiye in recent years, especially the encouragement of participation finance institutions in recent years and the opening of participation banks by the state, will make a significant contribution to the development of takaful insurance.
Stating that they believe that this cooperation protocol signed with Bereket Sigorta Group will create significant awareness, Kaan said, "We believe that we will provide significant benefits to the development of Islamic finance instruments in our country with this protocol, which aims to increase the awareness of our MÜSİAD member companies regarding takaful insurance, to make announcements and promotions regarding Bereket Insurance Group products in this context, and to ensure that these products are used by MÜSİAD members at a discount."
 

"Participation insurance has an important place in our society"

Bereket Sigorta, Bereket Retirement, Bereket Takaful General Manager Mahmut Güngör said, " We see that participation insurance, which is implemented in many countries of the world in accordance with the developing economic and commercial conditions, has both economic and religious foundations, and focuses on cooperation and sharing, has an important counterpart in our society."

Güngör said that participation insurance is developing day by day with its products designed within the framework of risk sharing and solidarity principles for those and entrepreneurs who keep their distance from traditional insurance products due to religious reasons.
Güngör emphasized that the deepening of participation insurance, which has a 5 percent share in the sector, with the products to be developed is important for the development of financial markets, and said:
"With its advanced financial infrastructure, young population, qualified workforce and geopolitical location, Türkiye has been targeted to become a 'global interest-free finance center' and with the vision of contributing to the development of financial markets, steps have been taken for a strong collaboration between MÜSİAD and Bereket Sigorta Group to deepen the participation finance ecosystem and spread participation insurance to the base. We believe that this collaboration protocol will make a significant contribution to the development and spread of participation insurance. On this occasion, we hope that the initiative we have launched today will be beneficial, especially to our beautiful country, to our main capitalist Türkiye Tarım Kredi Kooperatifleri, to the insurance sector and to MÜSİAD members, one of the leading business organizations of our country."

The development and expansion of participation insurance is targeted.

the protocol aims to develop and spread takaful insurance (participation insurance), it is planned to introduce all insurance products of Bereket Insurance Group to MÜSİAD members and to create special opportunities for members with different campaigns in this field. Within the scope of the protocol, the personal accident insurance policy issued by Bereket Sigorta was given to MÜSİAD General President Kaan by Bereket Sigorta, Bereket Emeklilik, Bereket Takaful General Manager Güngör.