Takaful definition

Takaful means a scheme based on brotherhood, solidarity and mutual assistance which provides for mutual financial aid and assistance to the Takaful Participants in case of need whereby the Takaful Participants mutually agree to contribute for that purpose.

Takaful means an arrangement based on mutual assistance under which Takaful Participants agree to contribute to a common fund providing for mutual financial Benefits payable to the Takaful Participants or their beneficiaries on the occurrence of pre-agreed Events.

Takaful means Shariah-compliant insurance coverage, provided by Takaful Company for the benefit of the investors.

Examples of Takaful in a sentence

• I/ We agree to pay the contribution on the basis of Xxxxxxx’ (donation) for the purpose of mutual support of other participants and with this contribution, I/ We am/ are entitled to the takaful cover expressed in the terms and conditions of the Takaful Certificate.

• I understand that in accordance with the provisions of the PDPA, I may contact the Customer Service Centre at Etiqa General Takaful Oneline 1300 13 8888 for the details of My/ Our personal data and that such information shall only be granted upon verification of My/ Our identification.

• In relation to the Takaful contract, it means Contribution for the purpose of Takaful.

• Payment of sum covered to participants is payable from the General Takaful Fund (Fund) based on the concept of Tabarru’.

• I understand that such request can be made by completing the Access Request Form available at all Etiqa General Takaful branches or contacting Etiqa General Takaful via email at XXXX@xxxxx.xxx.xx.

More Definitions of Takaful

Takaful means a mutual assistance scheme based on the principles of solidarity, brotherhood and cooperation. Each Participant agrees to contribute (donate) into the PRF as Tabarru‘ which will be used to assist each other in times of need.

Takaful means the takaful policy in respect of the Asset.

Takaful means mutual assistance, based on the spirit of brotherhood and solidarity, whereby the Participants agree to assist each other financially in case of certain defined needs.

Takaful means Shariah-compliant Insurance Coverage, provided by Takaful Company for the benefit of the investors and subject to the terms and conditions in this Supplementary Offering Document.

Takaful means a mutual assistance scheme based on the principles of solidarity, brotherhood and cooperation. Each participant agrees to contribute (donate) into the Participants’ Risk Fund as Tabarru’ which will be used to assist each other in times of need.

Takaful means a scheme in accordance to Hukum Syara’ based on brotherhood, solidarity and mutual assistance which provides for mutual financial aid and assistance to the participants in case of need whereby the participants mutually agree to contribute for the purpose;

Takaful means a scheme in compliance with Shariah principles based on brotherhood, solidarity and mutual assistance which provides for mutual financial aid