Related to FAEF

Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;
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.
MOHLTC means the Minister or the Ministry of Health and Long-Term Care, as the context requires;
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.
Sukuk means a type of Islamic bond that is backed by assets of the issuer that earn profit or rent.

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