1.2. Takaful Business
1.2.1. Types of Takaful Business
(1) General Takaful Business is Takaful Business in relation to General Insurance Contracts.
(2) Family Takaful Business is Takaful Business in relation to Long Term Insurance Contracts.
1.2.2. Types of Takaful Contracts
(1) A General Takaful Contract is a Shari’ah-Compliant Contract of Insurance that falls within one of the categories set out in Schedule 1.
(2) A Family Takaful Contract is a Shari’ah-Compliant Contract of Insurance that falls within one of the categories set out in Schedule 2.