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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

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

Determine in which scenario can Ebrahim (the Takaful participant) gets renewal discount [8 Marks]

subject ( islamic banking and finance )

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