Tabarru ” means donation for the purpose of solidarity and cooperation among the Takaful Participants and to be used to help all Takaful Participants in times of misfortune. In the context of the Company, Tabarru’ will be allocated into the Participants’ Risk Fund.
ESMA means the European Securities and Markets Authority.
Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;
Catechumen means a member of the catechumenate of a Catholic Church. This will normally be evidenced by a certificate of reception into the order of catechumens.
hostel means a place of residence for the students of the University, or its colleges, institutions and study centers, established or recognized to be as such by the University;