The first resolution on the permissibility of takaful as a cooperative insurance was issued by the Council of Saudi Scholars in 1977.
Correct Answer:
Verified
Q18: There are two main parties in the
Q19: Mitigation of risk while carrying out commercial
Q20: The concept of donations is adopted and
Q21: The underwriting surplus is calculated by deducting
Q22: It is safe to claim that the
Q24: Partnering with international giants in offering of
Q25: AAOIFI is yet to issue a standard
Q26: General takaful and family takaful are Sharī'ah-compliant
Q27: AAOIFI recommends the hybrid model for takaful
Q28: Family takaful is the Sharī'ah-compliant alternative to
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