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Saving Takaful (Takaful Mesra)

  • Mohd Ma’Sum Billah
Chapter

Abstract

Saving Takaful (Takaful Mesra) has been specially created for individuals who need risk management and savings benefits able to return cash value. Takaful Mesra also offers 24-hour worldwide protection, among other benefits. Takaful Mesra is based on Al-Mudharabah and Tabarru’ through the operation of two accounts with a fixed ratio to assure distribution of high profits, based on total contributions. Takaful Mesra practices flexible rules of participation by offering a minimum contribution plan of RM 50 per month or RM 600 annually, in accordance with affordability.

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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