Takaful

3. Short form or abbreviation of a takaful operator in Brunei
4. A term or concept where it is the takaful operator that pays the premium, not the individual customer
5. In conventional insurance, the risk is transferred; in takaful, the risk is ______
9. In a wakalah model, aside from wakalah fee, the takaful operator may also receive this fee
10. In a mudarabah model, if the incident occurs, the name of the fund that will be used to indemnify the participant is called the Participant ______ Fund
12. Short-form or abbreviation of another term similar to PRF
13. The Islamic concept used when borrowing from shareholders’ funds to cover a takaful deficit
17. Role of a takaful operator
18. A key reason why a takaful operator uses a “donation” contract

1. Popular type of insurance/takaful around 2021/2022
2. A law related to numbers where many customers pay for protection against the same loss, but not all will face the loss
3. Mutual guarantee in Arabic
6. Most popular type of insurance/takaful in Brunei
7. Another word for donation in Arabic
8. When there are more insurance premiums than there are insurance costs, this is called ______ surplus
11. Type of contract problematic in conventional insurance
12. Another name of takaful participants
14. One of the key areas where there are differences between takaful and conventional insurance
15. In a mudarabah model, the takaful operator plays the role of ______
16. Agency in Arabic