An Islamic insurance (Takaful) company has raised the following query seeking Shariah guidance
Fatawa Question
An Islamic insurance (Takaful) company has raised the following query seeking Shariah guidance : The Takaful company in the subject year had a number of policyholders filing claims under their relevant Takaful policies, either seeking indemnity against the agreed Takaful events of indemnification during the year or as a result of third party indemnity claims. The subject claims resulted in considerable reduction of the annual surplus amount from the investment of the available funds under the subject Takaful policies. The company is seeking Shariah guidance as to whether it is permissible to distribute the surplus amount only among those policyholders who have not raised any claims or have been subject matter of claims during the year ?
Fatwa
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Publisher
Publication Date
2014-10-29
Country of Publication
Malaysia
Main Subjects
Economics & Business Administration
Islamic Studies
Data Type
Fatawa
Language
English
Record ID
BIM-783174
American Psychological Association (APA)
Hassan, Husayn Hamid. 2014-10-29. An Islamic insurance (Takaful) company has raised the following query seeking Shariah guidance. . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783174
Modern Language Association (MLA)
Hassan, Husayn Hamid. An Islamic insurance (Takaful) company has raised the following query seeking Shariah guidance. Kuala Lumpur Malaysia : Islamic Finance News. 2014-10-29.
https://search.emarefa.net/detail/BIM-783174
American Medical Association (AMA)
Hassan, Husayn Hamid. 2014-10-29. An Islamic insurance (Takaful) company has raised the following query seeking Shariah guidance. Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783174
