Family Takaful Plan

Mohd Ma’Sum Billah
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Mohd Ma’Sum Billah: King Abdulaziz University

Chapter Chapter 21 in Islamic Insurance Products, 2019, pp 271-281 from Springer

Abstract: Abstract The family Takaful scheme ensures a certain amount of money to lighten the financial burden of loved ones if something bad were to happen. The purpose of such a plan is to save systematically in order to generate a long-term fund for the needs of one’s family in the future. It is as a guarantee or form of security to help people face the possibilities of accident, permanent disabilities, to pay for hospital expenses or for the costs of other mishaps.

Date: 2019
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DOI: 10.1007/978-3-030-17681-5_21

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