Abstract
Saving Takaful (Takaful Mesra) has been specially created for individuals who need risk management and savings benefits able to return cash value. Takaful Mesra also offers 24-hour worldwide protection, among other benefits. Takaful Mesra is based on Al-Mudharabah and Tabarru’ through the operation of two accounts with a fixed ratio to assure distribution of high profits, based on total contributions. Takaful Mesra practices flexible rules of participation by offering a minimum contribution plan of RM 50 per month or RM 600 annually, in accordance with affordability.
It is acknowledged that, the idea of this chapter/product is significantly contributed by the practices /experiences/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). Saving Takaful (Takaful Mesra). In: Islamic Insurance Products. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-17681-5_32
Download citation
DOI: https://doi.org/10.1007/978-3-030-17681-5_32
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)