Takaful International Company is pleased to announce the advanced annual declaration fees by its Sharia’a Board who has sanctioned the following for the financial year 2017.
1- Wakala fee
A maximum wakala fee of 35% on gross contributions. The actual percentage is agreed upon by Sharia'a Supervisory Board at the end of the financial year based on the results achieved. This percentage in the previous years ranged between 20% and 25%.
2- Mudaraba share 25% of participant’s funds investment returns.
With the Grace of Allah, the Most Merciful and the Most Beneficent.