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.
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.
Takaful means Shariah-compliant insurance coverage, provided by Takaful Company for the benefit of the investors.
Examples of Takaful in a sentence
Ombudsman Scheme approved by Bank Negara Malaysia (BNM), which functions as an alternative dispute resolution channel to resolve disputes between financial consumers and financial service providers licensed or approved by BNM, with its address at Level 14, Menara Takaful Malaysia, Xx 0, Xxxxx Xxxxxx Sulaiman, 50000 Kuala Lumpur and which can be reached by telephone at +000-0000 0000, by fax at +000-0000 0000 or by email at xxxxxxx@xxx.xxx.xx.
The Customer, in its capacity as the Service Agent, shall be responsible to procure and maintain Takaful in respect of the Asset from a Takaful company approved by the Bank in accordance with the Service Agency Agreement.
More Definitions of Takaful
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.
Takaful means the takaful policy in respect of the Asset.
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.
Takaful means a scheme in compliance with Shariah principles based on brotherhood, solidarity and mutual assistance which provides for mutual financial aid
Takaful means a scheme in accordance to Hukum Syara’ 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 the purpose;
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.
Takaful means insurance based on principles of mutuality and co-operation consistent with the religion of Islam and effected in conformity with the Syariah, and includes family takaful business and general takaful business, and "re- takaful" means a business whereby a person called the re-takaful provider assumes part of the liability under an original contract of takaful or of another re- takaful provider;