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WAQF, Initial donation by shareholders to create waqf fund, Participant,…
WAQF
Takaful operation fees for administration expenses 25% to 30%
Share of profit for company
Management expenses of company
Profit / loss attributable to shareholders
Initial donation by shareholders to create waqf fund
Participant
Donation paid by participant
Waqf fund 75% to 70%
Waqf fund
Operational cost of Takaful / Retakaful
Surplus / Profit
Share of surplus for the participant 100%
Investment by fund
Profit from investment
60%
40%
Company
Profit sharing on Mudharabah bases
Waqf Model