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%.
A significant contribution to this chapter has been made by the practices, experiences and thoughts of Bank Negara, Takaful Malaysia, Takaful Ikhlas, Takaful Nasional, Etiqa Takaful, IBFIM, IIUM, MII and others (Malaysia).
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Billah, M.M. (2019). Foreign Worker Takaful. In: Islamic Insurance Products. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-17681-5_28
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DOI: https://doi.org/10.1007/978-3-030-17681-5_28
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-17680-8
Online ISBN: 978-3-030-17681-5
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