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Question 4 a) Takaful business by Malaysian Takaful operators is broadly divided into two types. Explain both with examples. (5 marks) b) Define the concept

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Question 4 a) Takaful business by Malaysian Takaful operators is broadly divided into two types. Explain both with examples. (5 marks) b) Define the concept of an innovative model or hybrid model in Takaful. You may provide a sample with the help of a diagram to illustrate the concept. (10 marks) [Total: 15 marks)

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