Common Contracts
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APLIKASI KAFA>LAH PADA ASURANSI TAKAFUL PERSPEKTIF AKAD BISNIS ISLAMDecember 9th, 2015
Abstract: Kafa>lah is a kind of tabarru‟ agreement which is based on the value of social virtue. Kafa>lah can be developed and applied on taka>ful insurance based on the three payment patterns of taka>ful. The first: participant dies during the coverage period. In this case, a kind of kafa>lah that can be applied is Kafa>lah bi al-day>n. It is the debt obligations that are being the responsibility of others. For participant who dies in the coverage period is being covered (makfu>l 'anhu). While, the other participants are together as ka>fil (guarantor) to pay off the debt of makfu>l 'anhu in the form of unpaid premium remains as makfu>l bih. On the other hands, the receiver of guarantee (makfu>l lahu) is the taka>ful insurance company. The second: the condition where participant is still alive until the time of completing the coverage period. So that, the kafa>lah application can be done by ta'li>q (kafa>lah al-mu‟allaqah). It is a form of kafa>lah where the execution of the guarantee
