Takaful Charity Foundation was established to support financially disadvantaged students in Saudi public schools to continue and succeed in receiving proper education. The enterprise system and regulations of Takaful were approved in 2010 and it was officially registered in the Ministry of Social Affairs. Takaful receives generous support from The Custodian of the Two Holy Mosques which is around half a billion Saudi Riyal per year.

Takaful works to achieve its objectives in the field of education using best practices in charity activities and through attracting effective partnerships to guarantee sustainable support and efforts towards its strategic objectives.

Takaful relies on accurate information and utilizes top technologies to run its business. Information technology and integration with several government data sources are used in identifying students who are eligible to receive Takaful support. Takaful serves more than 180,000 students in about 20,000 schools spanning all areas of the Kingdom of Saudi Arabia.