Integrating Waqf and Financial Sector by Habib Ahmed
Integrating Waqf and Financial Sector by Habib Ahmed
Integrating Waqf and Financial Sector by Habib Ahmed
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<strong>Waqf</strong>-based Takaful Model<br />
Share of Surplus<br />
(100%)<br />
Participants<br />
Contribution<br />
Wakalah Fee<br />
Initial Donation to <strong>Waqf</strong><br />
Shareholders’<br />
Funds<br />
<strong>Waqf</strong> Fund<br />
Profit Share<br />
Profit<br />
Profit Share<br />
Investments<br />
Management<br />
Expenses<br />
Policy<br />
Benefits<br />
Retakaful<br />
Reserves<br />
Profit/Loss of<br />
Shareholders<br />
Surplus<br />
33
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