The announcement was made during the 7th Global Takaful and Re-Takaful Forum 2025, held in Dubai, where ARC Ltd. received the prestigious "Resilient Re-Takaful Finance Innovator Award" for its pioneering role in inclusive climate financing.
 

Expanding Climate Protection to Underserved Communities 

More than 700 million people remain unprotected from the devastating effects of climate shocks across Africa, and an estimated 300 million belong to the Islamic community, many of whom lack access to insurance that complies with their faith. This new initiative aims to close that gap by offering Shariah-compliant, community-based protection, enabling vulnerable households and governments to recover more quickly after disasters.
 

The initiative, known as the ARC Re-Takaful WAQF Facility (ARC ReTak), forms part of ARC Ltd.'s broader mission to ensure that no one is left behind in building resilience against climate change. Through its Waqf (charitable trust) structure, it allows governments, Takaful operators, and communities to share climate risks faith-based frameworks and access rapid payouts after droughts, floods, and other climate-related shocks.
 

Empowering Local Insurers and Strengthening Community Resilience

Beyond extending coverage to new audiences, ARC ReTak will also strengthen existing risk-protection systems on the continent. The Facility will empower local insurers by providing them with additional capacity to protect pastoralists, smallholder farmers, and other vulnerable populations. Surpluses generated by the Facility will be reinvested into grants and resilience programmes, helping households rebuild stronger after climate events.
 

By fostering collaboration between African and global Islamic finance institutions, ARC ReTak will serve as a bridge between traditional insurance systems and faith-based finance: a model that reflects ARC Ltd.'s growing commitment to inclusion, innovation, and community resilience. 

Tailoring New Solutions to Islamic Principles of Mutual Support 

ARC Ltd. is developing dedicated solutions that align with Islamic principles, offering protection mechanisms that resonate with the values of solidarity and shared responsibility. In Takaful, participants contribute to a common fund that supports members in times of need, while Re-Takaful extends this cooperative model, allowing Takaful operators to share larger risks and increase their protection capacity.
 

Unlike conventional insurance, which relies on profit-based underwriting, Takaful and Re-Takaful are rooted in mutual assistance, fairness, and transparency: principles that closely align with ARC Ltd.'s developmental mandate. By integrating these faith-based frameworks, ARC Ltd. is broadening access to its suite of risk-transfer products, ensuring that communities across faiths can benefit from its protection solutions. 

Advancing ARC Ltd.'s Mission for a More Resilient Africa
 

The launch of ARC ReTak strengthens ARC Ltd.'s role as a developmental insurer of the African Union's African Risk Capacity Group (ARC), helping Member States and communities anticipate, plan for, and respond to climate disasters. It builds on ARC's existing sovereign and replica insurance mechanisms by adding a faith-based dimension, reinforcing progress toward Sustainable Development Goals (SDGs) 1 and 13 and the African Union's Agenda 2063. 

"Africa's resilience must be inclusive," said David Maslo, Chief Executive Officer of ARC Ltd. "With this new facility, we are expanding the protection net to include millions who have so far remained outside conventional systems, not by choice, but by lack of access. This initiative embodies solidarity and innovation, ensuring that every African, regardless of faith or background, can recover and rebuild after climate disasters." 

The Facility is currently in its structuring and capitalization phase, and its announcement signals

ARC Ltd.'s firm commitment to innovation, inclusion, and faith-based finance in advancing Africa's climate resilience. By bridging faith-based finance and disaster-risk protection, ARC Ltd. is taking another decisive step toward safeguarding the continent's most vulnerable.