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If you’ve not seen part 1 already, please do go through that to give you a good background for this article. Thank you. __________________________________________________________________________ The issue of unnecessary complexities in modern Takaful structures was briefly discussed in the previous article. However, today we see that another point has been highlighted and blamed for these intricacies.…

What is Takaful? If you’re reading this article thinking ‘Jump back a few braincells: what’s Takaful?’, don’t feel left out. Etymologically, the term takaful translates as “mutual or joint responsibility”, “solidarity”, “mutual agreement” [1]. This stems from the Arabic root ka-fa-la, which can provide meanings such as “to guarantee” or “to warrant”. See end of…