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Online Takaful Business

  • Mohd Ma’Sum Billah
Chapter

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.

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Mohd Ma’Sum Billah
    • 1
  1. 1.Professor of Finance, Insurance, Fintech and Investment Islamic Economics InstituteKing Abdulaziz UniversityJaddahKingdom of Saudi Arabia

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