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Management of the Re-takaful Fund

  • Mohd Ma’Sum Billah
Chapter

Abstract

A Takaful company, with its limited financial resources, may want to hedge against possible inability to meet all Takaful indemnities if a number of damages occur simultaneously. Thus, a Takaful company may seek protection from the risks mentioned by putting some portion of money (called a premium) in a Re-takaful company, while in return the Re-takaful company provides security for the risk insured.

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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