Takaful islamic Banking

5- Calculate Surplus/ Deficit of Underwriting funds from the following data:

Premium Collected from Policy Holders= 150,000

Indemnities paid out for claims = 43%

Retakaful expenses = 30000

wakala fee = 20000

6- Calculate Surplus/ Deficit of Underwriting fundsfor one year from the following data:

Premium contributions received for the period 4500 per month (45 Participants)

Indemnities paid out for claims = 78,900

Retakaful expenses = 20% of Takafuls contributions

wakala fee = 19500

underwriting expenses = 32000