PayDay Takaful is a Malaysian financial technology company that operates as an approved Financial Adviser and Islamic Financial Adviser by Bank Negara Malaysia (BNM). The company focuses on making Takaful (a form of Islamic insurance) accessible and affordable for the B40 and M40 income groups. Its core business model involves partnering with employers to offer employees various Takaful protection plans, which are conveniently paid for via automated monthly salary deductions. This approach simplifies the process of obtaining protection, aiming to increase insurance penetration among the Malaysian workforce.

Founded in

United Kingdom