Deficit occurs when the takaful claims of the participants are less than the pool of funds for underwriting activities.
Correct Answer:
Verified
Q37: The funds contributed by the participants under
Q38: The main two parties involved in the
Q39: General takaful is a short-term policy that
Q40: The hybrid takaful model is a combination
Q41: The modern history of takaful dates back
Q43: Takaful premiums are:
A) considered as trust held
Q44: Within the conventional framework of insurance, the
Q45: It is the duty of the takaful
Q46: The shareholders will get reimbursed from the
Q47: Sharī'ah scholars prohibit the takaful operators to
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