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Family Takaful Plan

  • Mohd Ma’Sum Billah
Chapter

Abstract

The family Takaful scheme ensures a certain amount of money to lighten the financial burden of loved ones if something bad were to happen. The purpose of such a plan is to save systematically in order to generate a long-term fund for the needs of one’s family in the future. It is as a guarantee or form of security to help people face the possibilities of accident, permanent disabilities, to pay for hospital expenses or for the costs of other mishaps.

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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