THE UNIQUE FEATURE OF TAKAFUL - ‘SURPLUS SHARING’

"The Group Takaful Schemes provide a unique concept of Surplus Sharing to Participants in addition to risk mitigation benefits. By contributing as Tabarru (donation) into the common pool (Waqf) the Participant is entitled to the share of fund surplus, if any. At the end of the stated period, after paying off claims and other expenses, any excess amount is utilized for the following purposes:

A. Contribution to General Reserves:

A portion of the surplus amount shall be reserved to strengthen the common pool (Waqf) for future excessive claims.

B. Distribution to Participants:

The remaining surplus amount shall be distributed to Participants subject to policy terms and conditions.