Banking Crime Insurance – Comprehensive Protection Against Financial Crime
Al Baraka Takaful offers Shariah-compliant Banking Crime Insurance designed to safeguard banks and financial institutions against losses resulting from internal and external criminal activities. This coverage addresses the increasing risks of fraud, theft, cyber manipulation, and physical attacks targeting financial operations.
What Banking Crime Insurance Covers
Our coverage provides strong protection against a wide range of bank-related crime risks, including:
Internal Crime
Employee fraud and embezzlement
Forgery, alteration, and manipulation of documents
Misappropriation of customer funds
Computer-based fraud or unauthorized system activities
External Crime
Robbery and hold-ups inside bank premises
Theft of cash or valuables from safes, ATMs, or vaults
Cash-in-transit attacks
Fraudulent withdrawals or forged instruments
Cyber-enabled financial crime (phishing, hacking, unauthorized transfers)
Asset & Premises Protection
Damage to strongrooms, safes, and ATMs during theft attempts
Loss of cash on premises or in transit
Who Needs Banking Crime Insurance?
Commercial banks
Microfinance institutions
Exchange bureaus
Payment and remittance companies
Mobile money operators
Cooperatives and savings societies
Any financial institution handling high-value transactions
Key Benefits
Why Choose Al Baraka Takaful?
Strong underwriting expertise in financial crime risks
Reliable claims settlement supported by regional financial strength
Trusted by businesses across Tanzania
Tailored banking solutions designed to match modern financial threats
Get Your Banking Crime Insurance Quote
Protect your institution against evolving financial crime.