Saving Takaful (Takaful Mesra)

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

Chapter Chapter 32 in Islamic Insurance Products, 2019, pp 377-385 from Springer

Abstract: 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.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-17681-5_32

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DOI: 10.1007/978-3-030-17681-5_32

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