Takaful is an alternative system of insurance where members contribute their financial resources into a common pool based on the principles of:
A) ta'awun mutual assistance. and tabarru' donation.
B) profit and loss sharing
C) business partnership
D) all of the above
Correct Answer:
Verified
Q46: The shareholders will get reimbursed from the
Q47: Sharī'ah scholars prohibit the takaful operators to
Q48: The basic concepts. of mutuality that is/are
Q49: The following features are unique to takaful
Q50: The two main funds in the takaful
Q52: The number of parties involved in takaful
Q53: The takaful operator may provide a qard
Q54: Recorded losses in the Participants' Investment Fund
Q55: In the conventional practice of insurance business:
A)
Q56: Which of the following is NOT a
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