Calculation

Takaful Plan
Monthly payment
Contribution
Wakalah Fee

Mudharabah (Investment)

Wadiah (Saving)

Death (BASIC)
Benefits
Funeral
Accident
Critical Illness
Total Permanent Disable (TPD)
Others
 Takaful Saving
claims Operator

PA Mudharabah
manage
takaful
Participant
Takaful Tabarru’
Fund
Management
Wakalah Expenses
fee PSA
Ujrah

Retakaful
Reserves
EXAMPLE
Question:
• Contribution: RM 1000/ year
• PA: 30%
• Wakalah Fee: 50%
Example
Question:
Contribution: RM 1000/ year
PA: 30%
Wakalah Fee: 60%

Answer:
Wakalah Fee: 60% x RM 1000 = RM 600

PA: 30%, PSA: 70%

PA: 30% x RM 400 = RM 120
PSA: 70% x RM 400 = RM 280
Contribution Wakalah Fee PA PSA
Wadiah Mudharabah Ujrah Management Tabarru’
1000 500 120 280
2000
Sem 1, 2016/2017

1. What is the monthly contribution?

2. What is the benefits entitled?
3. What would be the participant’s (or his
beneficiaries’) maximum entitlement in
the following instances. State the reason
a. If participant early surrenders during
the 15th year of subscription
b. At maturity
c. If participant dies naturally at the age
of 49
d. If participant who was involved in an
accident, suffered from a severely
head injury in year 7
e. If participant was diagnosed with lung
cancer after 19 years of subscription
f. If participant who was involved in an
accident, lost both hands and legs in
year 2
g. If participant died due to a heart
attack when he was 50 years
h. If participant who was involved in a
fatal accident died in year 13
 Sem 2, 2016/2017
1. What is the basic benefit entitled to the
beneficiary in the event of participant’s death?
2. State other 3 benefits entitled to the participant
3. If he contributes on a regular basis, what is the
amount of her monthly tabarru’ contribution?
4. What would be the participant’s (or his
beneficiaries’) maximum entitlement in the
following instances. State the reason.
a. If participant early surrenders during the 15th
year of subscription
b. At maturity
c. If participants died naturally at the age of 49
d. If participant who was involved in an accident,
suffered from a severely head injury in year 7
e. If participant was diagnosed with lung cancer
after 19 years of subscription
f. If participant who was involved in an accident,
lost both hands and legs in year 2
g. If participant who was involved in a fatal accident
and died in year 13
5. How much his investment profit when he reach 55
years old?
6. What is the main probable reason why the
participant subscribes to such a plan? What is the
advantages and disadvantages?
Sem 1, 2016/2017