Launch Partners

Launch Partners

GlossaryTabarru’

Tabarru’

English: Takaful donation

Definition: A contract where a participant agrees to donate a pre-determined percentage of his contribution (to a Takaful fund) to provide assistance to fellow participants. In this way he fills his obligation of joint guarantee and mutual help should another participant suffer a loss. This concept eliminates the element of gharar from the Takaful contract.