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Mortgage Takaful

In: Islamic Insurance Products

Author

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  • Mohd Ma’Sum Billah

    (King Abdulaziz University)

Abstract

The definitions of Rahn used in this chapter apply to the specific references in the Mortgage Takaful Plan. Under this plan, mortgage Takaful policy is a kind of protection on behalf of the policyholder as a borrower and as guarantor to the financier, such as the bank for providing credit or a loan facility for the purpose of purchasing assets such as shop premises, land, car and so on. This plan guarantees justice between both parties.

Suggested Citation

  • Mohd Ma’Sum Billah, 2019. "Mortgage Takaful," Springer Books, in: Islamic Insurance Products, chapter 0, pages 343-354, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-17681-5_29
    DOI: 10.1007/978-3-030-17681-5_29
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