Takaful is a protection scheme based on mutual assistance. Takaful contributions are divided into two, one for Investment and the other for Tabarru’.
Tabarru’ is a donation to help participants who fulfil the required conditions to receive assistance.
'… Help You one another in Al-Birr and At-Taqwa (virtue, righteousness and piety); but do not help one another in sin and transgression…' (Al-Maidah : 2)
Contract in Shariah include both bilateral and unilateral.
Any contract dealing with transfer of property will need additional underlying contract that meet the purpose of the contract.
A contract is also known as ‘aqad’ (Arabic term) is defined as the interrelation of offer and acceptance on the subject matter (ma’qud ‘alaih)