Akad
- Agree that __% (as per below) of the Takaful contribution shall be donated as Tabarru’ into the Takaful Fund to help other eligible participants.
- Agree to appoint TBK as Wakeel (agent) and apportion to TBK __% (as per below) of the Takaful contribution as a Wakalah (agent) Fee to administer, manage, invest and distribute the Takaful Fund to other participants in times of misfortune. I/We hereby also agree to give a fee from the surplus of the Takaful Fund (if any) to TBK at a percentage as approved by the Shariah Advisory Body of TBK.
- Agree that the underwriting surplus arising from the said fund, if any, shall be managed by TBK in a manner deemed fit by TBK and accordance to Shariah principles which shall give benefits to the participants and the Takaful Fund.
- Agree that the underwriting surplus will only be distributed as hibah (gift) upon renewal of this Takaful Certificate provided that you have not incurred any claim and received any benefit whilst it is in force.
- Agree that if this Takaful Certificate is not renewed, there shall be no underwriting surplus entitled and it shall, be donated as Tabarru’ in the Takaful fund for the benefits of the participants and the Takaful fund itself.
| Product | Tabarru’ (%) | Wakalah Fee (%) |
| As-Syifa | 76 | 24 |
| Studentcare | 62 | 38 |
| Aman | 70 | 30 |
Summary Akad (Nur Savings) to be included in TBK payment link
- Agree that BND5.00 of the Takaful contribution shall be donated as Tabarru’ into the Takaful Fund to help other eligible participants.
- Agree to appoint TBK as Wakeel (agent) and apportion to TBK 35% of the Takaful contribution as a Wakalah (agent) Fee to administer, manage, invest and distribute the Takaful Fund to other participants in times of misfortune.
- Agree that any profit arising out of the investment of the Tabarru’ in each month, shall be allocated back to the Group Family Takaful Fund and the underwriting surplus arising from the Tabarru’, if any, shall be maintained in the said fund for its growth and strength.
- Agree that on the basis of Al-Mudharabah, the balance of the takaful instalments be credited into Participant’s Account as participant’s savings, for the Company to administer, manage and invest of the said instalments in a manner deemed fit by the Company and accordance to Shariah principles. In consideration thereof, I/we shall be entitled to share the profits generated from the investment, if any, in the proportion of 70% to myself/ourselves and 30% to the Company.
Rider’s Contribution Declaration (if applicable)
- Agree that 70% of the additional takaful contribution shall be donated as Tabarru’ into the Group Family Takaful Fund to help other eligible participants.
- Any profit arising out of the investment in each month, shall be allocated back to the Group Family Takaful Fund. I/We also understand that the net surplus arising from the said fund, if any, shall be maintained in the fund for its growth and strength.
- Agree to allow the Company to deduct 35% of my/our additional takaful contribution as Wakalah Fee and with that further agree to allow the Company to pay the takaful benefits upon Permanent Partial Disablement resulting from Accident/Hospitalization Benefits of the other participants who are entitled to such benefits under the takaful supplementary contract and in consideration thereof I/we shall be entitled to the takaful benefits as expressed in the terms and conditions of the takaful supplementary contract whilst the same is in force.
Summary Akad (Long-term savings products) to be included in TBK payment link
- Agree that __ of my/our takaful instalment will be donated as Tabarru’ into the Takaful Fund to help other eligible participants. Any profit arising out of the investment of the Tabarru’ in each month, shall be allocated back to the Takaful Fund.
- Agree that on the basis of Al-Mudharabah, the balance of the takaful instalments be credited into Participant’s Account as my/our savings, for the Company to administer, manage and invest of the said instalments in a manner deemed fit by the Company and accordance to Shariah principles. In consideration thereof, I/we shall be entitled to share the profits generated from the investment, if any, in the proportion of 70% to myself/ourselves and 30% to the Company.
Akad for Additional Cover (if any)
- Agree that on the basis of Al-Mudharabah, the additional takaful contribution which I undertake to pay to the Company be credited into the Group Family Takaful Plan of the Family Takaful Fund as Tabarru’ for the Company to pay the benefits upon Permanent Partial Disablement resulting from Accident/Hospitalization Benefits of the Participants who are entitled to benefits under the Family Takaful Business and, in consideration thereof, I shall be entitled to the takaful benefits and to share the net surplus of the Group Family Takaful Plan, if any, in proportion 50% to me and 50% to the Company provided always that I have not incurred any claim and/or received any benefits under the supplementary contract whilst the same is in force.
Terms and Conditions
- By agreeing to use the On-Line Payment Service, the User understands, agrees and confirms to the amount to be paid and that the amount will be deducted from the debit / credit card details entered by the User
- The User will not be able to cancel the transaction or request for a refund once the transaction is successful.
- Any information collected for the purposes of completing the online payment will be used entirely for the payment agreed upon by the User.
- The On-Line Payment Service Provider ensures that the information collected will be secured for the purposes of confidentiality and privacy of the User