The word “Takaful” comes from the Arabic root word__________?A. Wakala
B. Kafala
C. Wauf
D. None of Them
B. Kafala
C. Wauf
D. None of Them
The word Takaful comes from the Arabic root word Kafala, meaning “Guaranteeing each other”. The Takaful arrangement is based on the concept of Ta’awun (mutual assistance) and ‘Tabarru’, where a group of participants pool resources in order to mutually the risk of each other.