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.
Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;
Hookah means a water pipe and any associated products and devices which are used to produce fumes, smoke, and/or vapor from the burning of material including, but not limited to, tobacco, shisha, or other plant matter.
WOj means the lowest performance (expressed as a percentage) among the Securities as determined by the Calculation Agent in accordance with the following formula:
SADC means the Southern African Development Community;