Under the wakalah model of takaful, the takaful operator does not share in any risk borne in the investment or management of the takaful fund.

Name: Under the wakalah model of takaful, the takaful operator does not share in any risk borne in the investment or management of the takaful fund.
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Question

Quizplus · Accepted Answer

In the wakalah model of takaful, the operator acts as an agent and earns a fee for managing the takaful fund, without sharing in the risks or surplus of the fund.

Under the Wakalah Model of Takaful, the Takaful Operator Does