Tabarru’ definition

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.

Tabarru’ means donation for charitable purposes. Under this Certificate, the Participants donate a portion of the contribution to the GTF based on Tabarru’ to help other participants. Tabarru` takes into effect when Participants contribute to the GTF.

Tabarru’ means donation for charitable purposes. Under this Master Certificate, You donate a portion of the contribution to the PSA based on Tabarru’ to help other participants. Tabarru` takes into effect when You contribute to the PSA.

Examples of Tabarru’ in a sentence

• In the context of the Company, Tabarru’ will be allocated into the Participants’ Risk Fund.

• Takaful Contribution allocated by the Takaful Participant as shown in the Schedule shall be placed in the Ta’awuni Account Pool (TAP) at inception to pay Wakalah Fee to Shareholders’ Fund and Tabarru’ to Risk Fund.

• If there is no renewal on this Takaful Certificate, the Participant further agrees that there is no underwriting surplus shall be distributed to the Participant and it shall be made as Tabarru’ in the General Takaful Fund for the benefits of the takaful participants and the General Takaful Fund itself.

• The Wakalah Fee is as follows: Tabarru’This plan also applies the Tabarru’ concept, whereby the Participants agree to donate or contribute their contributions to the General Takaful Fund for the purpose of mutual aid and assistance to the Participants, in case of need.

• The Company will manage the TAP according to the Wakalah principle as defined by Us and in accordance with the Shariah principles We will charge up to 30% of the Takaful Contribution as an upfront Wakalah fee and the balance shall be allocated into the Risk Fund at inception for Tabarru’ charges and be used to help all Takaful Participants in time of misfortune.

More Definitions of Tabarru’

Tabarru’ means donation from the portion of the Contribution that will be allocated to the PRF, which will be used for mutual aid and assistance among the fellow participants;

Tabarru’ means the ‘donation’ determined as the net Contribution after deducting Wakalah Fee, this being based on the gender, attained age, smoking status and other rating factors of the Person Covered. Tabarru’ will be allocated into the Participants’ Risk Fund for the purpose of mutual help and assistance to fellow Participants in need.

Tabarru’ means a donation for the purpose of which is not commercial and is used to help other person covered in times of misfortune for the purpose of solidarity, brotherhood and cooperation among the person covered.

Tabarru’ means donation for charitable purposes. Under this plan, the participant donates a portion of the contribution to the Participants’ Special Account (PSA) to help other participants.

Tabarru’ means contribution, donation or gift. In relation to the Takaful contract, this means Contribution for the purpose of Takaful. This portion is placed in the General Takaful Fund.

Tabarru’. Fund” means a pool of funds established for the purpose of solidarity and cooperation among the Participants in Tabarru' Fund for misfortune events (payment of claims).

Tabarru’ means a donation for the purpose of which is not commercial and is used to help other participants.