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Mortgage Takaful

  • Mohd Ma’Sum Billah
Chapter

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.

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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