According to the principle of mudarabah, the takaful operator who acts as an entrepreneur, or mudarib, will accept payment of the takaful contributions (premium) termed as ra’sul mal from takaful participants acting as rabbul mal. For further details see: Islamic Financial System; Principles and Operations.
|Imposition of Management Fee on Takaful Participants’ Contribution|
|Distribution of Surplus from Participants’ Risk Fund|
|Distribution of Investment Profit from Participants’ Investment Fund and Participants’ Risk Fund|