Takaful International sets annual fees

05/01/2015 20:33 AST

Bahrain-based Takaful International has announced fees sanctioned by its Shari'ah Supervisory Board for the financial year 2015.

The company's Wakala fee has been set at a maximum of 35 per cent for gross contributions. The percentage was agreed by the Shari'ah Supervisory Board at the end of the financial year based on the result achieved. This percentage in previous years has ranged between 20-25 per cent.

For managing participants' investment funds a Mudaraba profit share of 25 per cent of net investment returns has been set.


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