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.
A significant contribution to this chapter has been made by the practices, experiences and thoughts of Bank Negara, Takaful Malaysia, Takaful Ikhlas, Takaful Nasional, Etiqa Takaful, IBFIM, IIUM, MII and others (Malaysia).
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2019 The Author(s)
About this chapter
Cite this chapter
Billah, M.M. (2019). Mortgage Takaful. In: Islamic Insurance Products. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-17681-5_29
Download citation
DOI: https://doi.org/10.1007/978-3-030-17681-5_29
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-17680-8
Online ISBN: 978-3-030-17681-5
eBook Packages: Economics and FinanceEconomics and Finance (R0)