Takaful premiums are:
A) considered as trust held by the operator on behalf of the participants
B) paid in return for an insurance cover
C) recognized as deposits that must be returned to the participants at the end of business year
D) all of the above
Correct Answer:
Verified
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
Q42: Deficit occurs when the takaful claims of
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
Q48: The basic concepts. of mutuality that is/are
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