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Questions and Answers
An agent offers Takaful products and services on behalf of the Takaful for free.
False
Aqd contract Aqd-e-Taburru involves making a person the owner of something without any consideration.
True
Claim is the notification to a Takaful Operator that payment of an amount is due under a contract of Takaful arising from occurrence of a covered event.
True
Contribution is the amount payable by a participant to an operator under a Takaful membership.
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Investment-linked Takaful is a contract where the certificate benefits vary according to the value of the underlying assets at the time.
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