The challenge faced by the takaful operator is to apply a fairly balanced approach where due attention is given to the participants while seeking to create value for the shareholders.

Question

Quizplus · Accepted Answer

Takaful, an Islamic insurance concept, operates on a cooperative model where participants contribute to a pool to guarantee each other against loss or damage. The challenge for takaful operators is to balance the interests of the participants, who seek assurance and support, with the need to generate profits and value for the shareholders who invest in the operation of the takaful fund. This requires a carefully balanced approach to ensure sustainability and fairness for all parties involved.

The Challenge Faced by the Takaful Operator Is to Apply