Advertisement

General Takaful

  • Adnan MalikEmail author
  • Karim Ullah
Chapter

Abstract

This chapter has focused on the different services that a general takaful company offers. These services can be divided into motor takaful, fire takaful and engineering takaful. In motor takaful, the waqf fund pays compensation to the participant in case of accidental damage, both partial and total, theft and third-party liability. Fire takaful provides compensation to the participant if their property including building, machinery and physical stock is damaged due to fire, earthquake and atmospheric disturbance (flood, hurricane, snow effect, etc.). Engineering takaful provides compensation to the participant if damage occurs to industrial boilers and construction machinery like bulldozers and cranes.

Keywords

Engineering takaful Fire takaful General takaful Motor takaful 

Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Centre for Excellence in Islamic FinanceInstitute of Management SciencesPeshawarPakistan

Personalised recommendations