Insurance And Takaful. Insurance and takaful schemes 2 learning outcomes at the end of the topic, students should be able to, 1. It is a shariah compliant mutual risk transfer agreement which involves participants and operators rather than sellers and buyers.
For instance, with prudential bsn takaful protect, the initial charges in the first year start at 75% of your contribution and. Takaful is a system of insurance based on the islamic principles of mutual assistance (ta’awun) and donation (tabarru).takaful means joint guarantee, whereby a group of participants contribute towards a pool of money and mutually agree to protect each other by compensating those participants who suffer from an insured peril. Management mws 4143 topic 6: