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Article (22) The Participants’ Accounts for Family Takaful Insurance

Effective from 30/12/2022

The Contributions in the family Takaful insurance must be divided into two accounts:

  1. Investment Account: to which the portion of Contributions allocated for investment in this type of Takaful Insurance must be transferred.
     
  2. Risk Coverage Account: to which the portion of Contributions allocated for risk coverage in this type of Takaful Insurance must be transferred.