Ebrahim, a taxi driver, insured his motor vehicle with Saudi Insurance in Bahrain, fulfilling all of the

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Question:

Ebrahim, a taxi driver, insured his motor vehicle with Saudi Insurance in Bahrain, fulfilling all of the requirements of comprehensive Takaful for the sum of BD 5,700 with a premium of BD 100

a. Relate and adapt the sentence “Mutual support and assistance, with the fortunate many supporting the suffering few " to the concept recognized by Takaful.

b. Assess the different takaful contracts for Ebrahim.

C. Determine in which scenario can Ebrahim (the Takaful participant) gets a renewal discount.