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An account of premiums – participations) means the Insured which is committed to pay the amount of insurance coverage to the insurer or the beneficiary- which is determined by the insured – when the event of risk insured.
Member of participant committee, who participated in the plan of Takaful, and is committed to pay a premium for cooperation to spread up the potential dangers that afflict the participants or some of them against the enjoyment of benefits of insurance coverage against potential risks and hazards.
The incident is likely to occurred, which happened without the will of any of the contractors, which is a possibility that the result will be unlike what to expect from the person, or the uncertainty of the occurrence of the risk or not.
The maximum limit of the financial value of the insured liability to the participant or the beneficiary to redress the damage caused by the occurrence of the insured risk.
Is the amount (premium) paid by the participant or he has to pay to the insured, which is an installment basis of the premium from the total premiums in the Takaful Fund, and may be paid as one payment or in installments.
The Social Side of Takaful
The principle of Takaful Reflects in his modern social part, the concept of general cooperation and solidarity ordered by Islam...
The Forms of Takaful Management
The Takaful on the basis of cooperation between the participants, understanding of the insurer and the insured...
Takaful Insurance Benefits and its Role in the Company
Ethics of Islamic Takaful
The conventional insurance suffers, what-called (Moral Hazards) or Moral Hazard which means : complacency of some insurers in maintaining the integrity of the Interest insured...