Beema Individual TakafulTakaful Policy • February 25th, 2019
Whereas the Participant having applied to Damaan Islamic Insurance Company (Beema) (hereinafter called the “Company”) by a Proposal which shall be the basis of this Contract and is deemed to be incorporated herein and having paid or agreed to pay the Contribution by way of Tabaru’ with the other Policyholders, the Company as the Agent of the Policyholders, hereby agrees subject to the terms, exclusions, provisions and conditions of the Policy and to any future conditions or exclusions which may be added or annexed thereto, to cover the Takaful Benefits in the manner and to the extent hereinafter provided.
PREAMBLE AND OPERATIVE CLAUSETakaful Policy • October 2nd, 2014
/ Qard Al-Hasan will be granted to the Takaful Fund by the Shareholders as per terms agreed and it shall be recovered from any surplus that may arise in the PTF in the subsequent years under SSB supervision.
