The takaful operator may provide a qard hasan benevolent loan. to the takaful fund to carry out the underwriting activities in order to cover any deficit in the takaful undertakings.

Question

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A takaful operator can provide a qard hasan (benevolent loan) to the takaful fund to cover any deficit in the takaful undertakings, ensuring the fund can meet its obligations. This is in line with Islamic finance principles, where interest-free loans are encouraged to support mutual assistance.

The Takaful Operator May Provide a Qard Hasan Benevolent Loan