Takaful definition

Takaful means a scheme based on brotherhood, solidarity and mutual assistance which provides for mutual financial aid and assistance to the Takaful Participants in case of need whereby the Takaful Participants mutually agree to contribute for that purpose.
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Takaful means a scheme based on brotherhood, solidarity and mutual assistance which provides for mutual financial aid and assistance to the participants in case of need whereby the participants mutually agree to contribute for that purpose.
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Takaful means mutual assistance, based on the spirit of brotherhood and solidarity, whereby the Participants agree to assist each other financially in case of certain defined needs.
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Examples of Takaful in a sentence

  • The maximum period The Takaful Operator will pay for any one Covered Bodily Injury is thirty (30) days.

  • Tempoh maksimum yang akan dibayar oleh Pengendali Takaful untuk mana-mana satu Kecederaan Badan yang dilindungi adalah tiga puluh (30) hari.

  • Pengendali Takaful akan membayar kepada Peserta Manfaat Pendapatan Harian Hospital Berganda akibat Kemalangan seperti dinyatakan di dalam Sijil Takaful untuk setiap dua puluh empat (24) jam di mana Peserta dimasukkan ke Unit Rawatan Rapi atau Unit Rawatan Kritikal semasa Tempoh Perlindungan Takaful untuk merawat Kecederaan Badan yang dilindungi, selepas ditolak sebarang hutang kepada Sijil.

  • The Takaful Operator will pay the Participant Double Accidental Daily Hospital Income Benefit as specified in the Certificate of Takaful for each twenty-four (24) hours that the Participant is confined in an Intensive Care Unit or Critical Care Unit during the Period of Takaful for the treatment of the Covered Bodily Injury sustained, less any indebtedness against the Certificate.

  • Every notice or communication to the Takaful Operator shall be in writing and sent to the Takaful Operator.


More Definitions of Takaful

Takaful means an arrangement based on mutual assistance under which Takaful Participants agree to contribute to a common fund providing for mutual financial Benefits payable to the Takaful Participants or their beneficiaries on the occurrence of pre-agreed Events.
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Takaful means Shariah-compliant insurance coverage, provided by Takaful Company for the benefit of the investors.
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Takaful means a mutual assistance scheme based on the principles of solidarity, brotherhood and cooperation. Each participant agrees to contribute (donate) into the Participants’ Risk Fund as Tabarru’ which will be used to assist each other in times of need.
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Takaful means a mutual assistance scheme based on the principles of solidarity, brotherhood and cooperation. Each Participant agrees to contribute (donate) into the PRF as Tabarru‘ which will be used to assist each other in times of need.
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Takaful means the takaful policy in respect of the Asset.
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Takaful means Shariah-compliant Insurance Coverage, provided by Takaful Company for the benefit of the investors and subject to the terms and conditions in this Supplementary Offering Document.
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Takaful means a scheme in compliance with Shariah principles based on brotherhood, solidarity and mutual assistance which provides for mutual financial aid
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