About this document
Understanding Takaful Principles and Practices by yati_girl86 is a document available to read on EtoBox.
The document provides an overview of the basic principles and practices of takaful (Islamic insurance) in Malaysia. It defines takaful based on the principles of mutual assistance, sacrifice and guarantee between participants. A takaful contract consists of three elements - joint guarantee (takaful), profit sharing (mudharabah) and donation (tabarru). The practices of takaful in Malaysia are also summarized, including its establishment in 1984 through the Takaful Act to provide an alternative to conventiona
- Author
- yati_girl86
- Language
- EN