Underwriting Surplus definition
Underwriting Surplus means the surplus arising from the Tabarru’ Fund after claims payable and a suitable amount is held back for contingency purposes, if any.
Underwriting Surplus means excess in the Tabarru’ Fund after deduction of claims and reserve purposes, if any.
Underwriting Surplus means amount that remains after deducting all expenses and management fees for the administration of the takaful fund and the claims made by the participants from the contributions to the fund.