Takaful

Takaful provides flexible Wakalah fee setup definition & calculations factors, dynamic calculation of surplus amount & Al-Qard Al-Hasan, and auto calculation of incentives, capital reserve, and Profit.

Key features

• Ability to define Wakalah fees percentage for different aspects.
• Promptly define the integration accounts for multi financial account types.
• Flexibility in defining multi and dynamic calculation factors.
• Filter the calculated results based on the business type, insurance class, and policy type.
• Automatically provides calculations based on dynamic setups.
• Manage distribution amount effectively.
• Easily define and calculate the incentive fees amount and the policy holder’s capital amount.