---
title: "What is Participants' investment fund? | IslamicOpenFinance™"
description: "In family takaful, the fund holding participants' savings and investment contributions, owned individually by each participant."
url: https://islamicopenfinance.com/glossary/participants-investment-fund/
lang: en-GB
source: "IslamicOpenFinance"
---

[Glossary](https://islamicopenfinance.com/glossary/) / [Takaful](https://islamicopenfinance.com/glossary/#takaful)

Takaful

# Participants' investment fund

In family takaful, the fund holding participants' savings and investment contributions, owned individually by each participant.

The participants' investment fund accumulates the portions of contributions paid by takaful participants for investment or savings purposes. IFSB-29 describes it as collectively managed by the takaful operator but owned individually by participants according to their contributions. It is typical of family takaful, where cover is combined with long-term savings.

## Sources

- [IFSB-29 Conduct of Business Supervision for Takaful Undertakings, 2023: Definitions, Participants' Investment Fund (PIF)](https://www.ifsb.org/wp-content/uploads/2023/12/IFSB-29-Conduct-of-Business-Supervision-for-Takaful-Undertakings.pdf)

This entry explains a term; it is not a Shariah ruling. Approving a product is for each institution's own Shariah board and regulator.

## Related terms

[**Participants' risk fund** The pool of donated contributions from which takaful claims are paid, owned collectively by participants and managed by the operator.](https://islamicopenfinance.com/glossary/participants-risk-fund/) [**Tabarru** The donation portion of a takaful contribution, paid into the risk fund to meet claims as mutual help.](https://islamicopenfinance.com/glossary/tabarru/) [**Takaful operator** The entity that manages a takaful business on behalf of participants, usually for a fee, a profit share or both.](https://islamicopenfinance.com/glossary/takaful-operator/)

**Takaful**

1. [Takaful](https://islamicopenfinance.com/glossary/takaful/)
2. [Tabarru](https://islamicopenfinance.com/glossary/tabarru/)
3. [Participants' risk fund](https://islamicopenfinance.com/glossary/participants-risk-fund/)
4. [Shareholders' fund (takaful)](https://islamicopenfinance.com/glossary/shareholders-fund/)
5. [Takaful operator](https://islamicopenfinance.com/glossary/takaful-operator/)
6. [Wakalah model (takaful)](https://islamicopenfinance.com/glossary/wakalah-model/)
7. [Takaful participant](https://islamicopenfinance.com/glossary/takaful-participant/)
8. [Underwriting surplus](https://islamicopenfinance.com/glossary/underwriting-surplus/)

[All 221 terms](https://islamicopenfinance.com/glossary/)