About this document
Wakala Model in Takaful Ikhlas by heartnet is a document available to read on EtoBox.
Takaful Ikhlas employed the wakala contract model, where the takaful operator acts as an agent on behalf of participants. The operator is paid predetermined fees for its services, including a percentage of contributions and a percentage of returns on investments. Under the wakala model, the operator profits through these set fees, while participants retain any surplus in their accounts.
- Author
- heartnet
- Language
- EN