The management team collectively has exclusive right to the surplus originated from the takaful policyholders who made the financial contributions.

Question

Quizplus · Accepted Answer

In a takaful system, the surplus from policyholders' contributions, after claims and expenses, is typically shared among the policyholders themselves or between the policyholders and the takaful operator according to pre-agreed terms, rather than being exclusively claimed by the management team.

The Management Team Collectively Has Exclusive Right to the Surplus