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Abstract This chapter examines takaful (Islamic insurance), which is one of the fastest growing sectors of the global insurance market. Takaful is a form of insurance structured so as to satisfy the requirements of the Shari’a. It is based on the concept of mutuality, whereby each participant (the equivalent of an insured) makes a ...
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Saving Takaful (Takaful Mesra)
2019Saving Takaful (Takaful Mesra) has been specially created for individuals who need risk management and savings benefits able to return cash value. Takaful Mesra also offers 24-hour worldwide protection, among other benefits. Takaful Mesra is based on Al-Mudharabah and Tabarru’ through the operation of two accounts with a fixed ratio to assure ...
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Pregnancy Takaful (Takaful Wiladah)
2019The Pregnancy Takaful (Takaful Wiladah) Plan (TWP) is product introduced by Takaful Malaysia in 2001. It provides a long-term financing programme especially for women and acts as a fund to help its participants when facing an unexpected complication during pregnancy, newborn congenital anomalies or death. Participants are covered by this fund according
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