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What are the principles of takaful?

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Question added by Mohd Adli Shaharuddin , Unit Trust Consultant - Agency Supervisor , Public Mutual Berhad
Date Posted: 2015/02/05
Othman Alabbad
by Othman Alabbad , Team Leader , Gulf International Bank

Takaful is perceived as cooperative insurance, where members contribute a certain sum of money to a common pool. The purpose of this system is not profits but to uphold the principle of “bear ye one another’s burden.”

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