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Online Takaful Business

In: Islamic Insurance Products

Author

Listed:
  • Mohd Ma’Sum Billah

    (King Abdulaziz University)

Abstract

In essence, Takaful operations can be segregated into two principal activities. On the one hand, they act as the conduit for providing financial benefits in the event of misfortune through the various Takaful products and services that individuals and corporate bodies can participate in. Technically, the product is similar to insurance. From straightforward products such as motor vehicle cover to the very complex requirements of the corporate sector, Takaful products are able to fulfil the demands of all. A long-term Family Takaful plan can satisfy the life insurance needs of an individual, while an industrial all-risks scheme can meet the insurance needs of a sophisticated manufacturing plant belonging to a huge conglomerate.

Suggested Citation

  • Mohd Ma’Sum Billah, 2019. "Online Takaful Business," Springer Books, in: Islamic Insurance Products, chapter 0, pages 227-236, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-17681-5_18
    DOI: 10.1007/978-3-030-17681-5_18
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