Tabarru’ definition

Tabarru’ means donation for the purpose of solidarity and cooperation among the Takaful Participants and to be used to help all Takaful Participants in times of misfortune. In the context of the Company, Tabarru’ will be allocated into the Participants’ Risk Fund.

Tabarru’ means donation for the purpose of solidarity and cooperation among the Takaful Participants and to be used to help Takaful Participants in times of misfortune. In the context of Takaful IKHLAS, Tabarru’ will be allocated into the Risk Fund.

Tabarru’. ” means donation for charitable purposes. Under this Certificate, You donate a portion of the Contribution to the GTF based on Tabarru’ to help other participants. Tabarru’ takes into effect when You contribute to the GTF.

Examples of Tabarru’ in a sentence

• Takaful Contribution allocated by the Takaful Participant as shown in the Schedule shall be placed in the Ta’awuni Account Pool (TAP) at inception to pay Wakalah Fee to Shareholders’ Fund and Tabarru’ to Risk Fund.

• The Company will charge up to 40% of the Takaful Contribution as an upfront Wakalah fee and the balance shall be allocated into the Risk Fund at inception for Tabarru’ charges and be used to help other Takaful Participants in time of misfortune.

• Al-Mudharabah The Participant hereby agrees that the Tabarru’ portion of Takaful instalments be credited into Participant’s Special Account/Participant’s Risk Fund as risk element to help other eligible Participants under the takaful contract where the Company is to administer, manage and invest of the said instalments in a manner deemed fit by the Company and accordance to Shariah principles.

• Under this Certificate, You donate a portion of the Contribution to the GTF based on Tabarru’ to help other participants.

• This refers to a fund established to pool a portion of contributions paid by participants, on the basis of Tabarru’ for the purpose of meeting claims associated with events or risks specified in this Certificate.

More Definitions of Tabarru’

Tabarru’. ” means a donation for charitable purposes. Under this Master Certificate, You donate a portion of the Single Contribution to the PSA based on Tabarru’ to help other participants. Tabarru` takes into effect when You contribute to the PSA.

Tabarru’ means donation for charitable purposes. Under this plan, the participant donates a portion of the contribution to the Participants’ Special Account (“PSA”) to help other participants.

Tabarru’ means donation for charitable purposes. Under this Certificate, the Participants donate a portion of the contribution to the GTF based on Tabarru’ to help other participants. Tabarru` takes into effect when Participants contribute to the GTF.

Tabarru’ means contribution donation or gift. In the context of this Certificate, this means Contribution for the purpose of Takaful. This portion is placed in the General Takaful Fund.

Tabarru’ means donation for the purpose of solidarity and cooperation among the Takaful Participants and to be used to help the Takaful Participant in times of misfortune. In the context of the Company, Tabarru’ will be allocated into the Risk Fund.

Tabarru’. ” means a portion of Contribution allocated into the Tabarru’ Fund as donation that You willingly relinquish in order to help and provide assistance to fellow Participants in need.

Tabarru’ means the portion of the contribution paid by participants that is donated to the Takaful fund to help other participants in need.