This research identifies Tak ful as an important financial instrument and its crucial role in the development of the country that is evident from its recent developments in Malaysia, Middle East and even non-Muslim countries like Sri Lanka. The need is to create awareness of Tak ful concept among general public and to eliminate misconceptions related to prevalent concept of conventional insurance. Tak ful has emerged as an alternative solution to present insurance dilemma. The success of Tak ful business lies in its very nature of being Shar 'ah compliant. This system is based on eternal Shar...