What is 'Family Takaful' and how does it differ from General Takaful?
-
A
Family Takaful is the long-term Islamic equivalent of life insurance covering mortality, savings, and investment; General Takaful covers short-term risks like property, motor, and health
-
B
Family Takaful covers motor vehicles and General Takaful covers life risks
-
C
They are the same product with different marketing names
-
D
General Takaful is prohibited while Family Takaful is mandatory