AAOIFI is yet to issue a standard that provides for the necessary disclosure of the bases for determining and allocating surplus or deficit in takaful companies.

Question

Quizplus · Accepted Answer

AAOIFI has issued standards that include guidelines for takaful (Islamic insurance) companies, which cover the necessary disclosure of the bases for determining and allocating surplus or deficit among participants. These standards aim to ensure transparency and fairness in the operations of takaful companies.

AAOIFI Is Yet to Issue a Standard That Provides for the Necessary