Eligibility:
All individual participants of Takaful IKHLAS’s General Takaful products and services effective 1st April 2019.

Waqf means:

• Shariah-compliant endowment.
• Money or other assets donated to Shariah-approved institutions or projects.
• Becomes a perpetual and irreversible source, to generate revenue to cover operating expenses and other needs of the institution.

Endowment means:

• Money or other financial asset which are donated to approved institutions or projects.
• Forms perpetual resources to generate income to cover operating expenses and other needs of the institutions.

Benefits:
In the event of death due to any accident of the participant, whilst the certificate is in force, the Company will pay a sum of RM1,000 to identified waqf or endowment body in the name of the Participant.