The underwriting surplus is calculated by deducting all indemnities paid for deserving claims, the retakaful policy, and changes in technical provisions from the total premium contributions of the participants.
Correct Answer:
Verified
Q16: Despite the major difference between conventional insurance
Q17: Takaful industry is limited in its scope
Q18: There are two main parties in the
Q19: Mitigation of risk while carrying out commercial
Q20: The concept of donations is adopted and
Q22: It is safe to claim that the
Q23: The first resolution on the permissibility of
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
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents