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Foreign Worker Takaful

  • Mohd Ma’Sum Billah
Chapter

Abstract

This scheme operates under General Takaful. The basis of this is the Mudharabah principle, where the funds are shared 50:50. In other words, when the contract reaches maturity and the person who is covered does not receive any benefit or make any claim, he receives 50% from the total funds. The operator receives the other 50%.

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Mohd Ma’Sum Billah
    • 1
  1. 1.Professor of Finance, Insurance, Fintech and Investment Islamic Economics InstituteKing Abdulaziz UniversityJaddahKingdom of Saudi Arabia

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