The relationship between takaful operator and participants can be characterized as insurer-insured relationship where each party assumes different roles and responsibilities.

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In a takaful arrangement, the relationship is based on mutual cooperation, where participants contribute to a common fund used to support one another in times of need, rather than the traditional insurer-insured relationship where the insurer assumes the risk in exchange for premiums.

The Relationship Between Takaful Operator and Participants Can Be Characterized