What is takaful? Have you ever heard of it? How does it works?
What is takaful? Have you ever heard of it? How does it works?
Showing posts with label takaful. Show all posts
Showing posts with label takaful. Show all posts
What is takaful? Have you ever heard of it? How does it works?
The Takaful and Insurance Benefits Protection System (TIPS) is a system established by the Malaysian Government to protect owners of takaful certificates and insurance policies from the loss of their eligible takaful or insurance benefits in the event that an insurer member fails and is unable to honour the takaful or insurance benefits. Takaful operators and insurance companies that are member institutions of PIDM are also referred to as ‘insurer members’.
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