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The Middle East Finance Group (MEFG) is planning to set up an insurance company. The BOD needs to make the following decisions provide answers to

The Middle East Finance Group (MEFG) is planning to set up an insurance company. The BOD needs to make the following decisions provide answers to them as an Islamic finance expert (10 Marks). a. What are the Takaful models available to MEFG (3 Marks)? b. Which model do you suggest for MEFG? Briefly explain the model (3 Marks). c. Which model is most popular in the Middle East (4 Marks)?

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