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
However, to avoid any delay, the appointment of the Bank's panel of Takaful providers is highly encouraged.
GAP is optional/not required, and you may get the GAP from various Takaful services providers.
Your application for Takaful protection is rejected by all Takaful operators; or ii.
If there is total loss or theft of the Vehicle, the GAP will cover the difference between the Motor Takaful claim pay out and the outstanding financing.
Note: ⮚ The agent will provide quotations for Motor Takaful/HPRTT/GAP offered by the Bank's panel of Takaful providers or any other legitimate Takaful operators of your choice and acceptable to the Bank.
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 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
Takaful an Arabic word that means mutual assistance, based on the spirit of brotherhood and solidarity, whereby the Participant(s) agree to assist each other financially in case of certain defined needs