01 / 22 · Practice · Cover
Buildings insurance is required. Takaful barely exists.
The house issue cannot pretend Britain has a retail takaful market that will satisfy a provider’s conditions. Necessity covers the requirement. It does not cover the optional extras.
The Mizan desk · 7 September 2026 · 7 min
Conventional insurance is a gharar contract with a riba float. Takaful is a donation pool plus an operator fee. UK motor and buildings takaful has appeared and vanished more than once. Home Purchase Plan providers will still require buildings cover at rebuild cost.
Necessity, drawn tightly
Where the law or the co-owner requires cover and no takaful will write it, the darura argument is widely used: buy the required buildings, nothing extra. Accidental damage as a punt, legal add-ons, and investment-linked life on top of the house do not inherit the excuse. Named the provider on the policy. Match rebuild, not market. Then leave it alone.