Distribution of underwriting surplus and investment profit from tabarru' fund: Shariah contracts applied and current market practice
Takaful is a contract whereby the participants commit to contribute an amount on regular basis or in one lump sum in a specified fund to mutually guarantee each other and appoint a body to act as the fund manager. In this contract, Takaful participants have the opportunity to mitigate the possible f...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Australasian Journal of Islamic Finance and Business (AJIFB)
2015
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/45532/ http://irep.iium.edu.my/45532/ http://irep.iium.edu.my/45532/1/45532.pdf |