Distribution of underwriting surplus and investment profit from tabarru' fund: Shariah contracts applied and current market practice

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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...

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Bibliographic Details
Main Authors:	Ibrahim, Ahmad Basri, Mohd Ali, Ahmad Fadhil Hamdi, Elias, Mohd Hafizal, Wan Ahmad Lotfi, Wan Ahmad Najib
Format:	Article
Language:	English
Published:	Australasian Journal of Islamic Finance and Business (AJIFB) 2015
Subjects:	HG8011 Insurance
Online Access:	http://irep.iium.edu.my/45532/ http://irep.iium.edu.my/45532/1/45532.pdf

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