Despite the Major Difference Between Conventional Insurance and Takaful, There

question 48

True/False

Despite the major difference between conventional insurance and takaful, there is no restriction on the type of the business in which they can investment their funds.

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Definitions:

Compel Attendance

A legal mechanism or order that requires a person to appear at a specific place and time, often for a court appearance or deposition.

Agency Power

The legal or authorized capacity for an agent or entity to act on behalf of another person or entity in business matters or negotiations.

ALJs

Administrative Law Judges, officials who conduct hearings and make decisions on disputes involving administrative law.

Binding Order

An official command, decision, or direction that must be followed or adhered to by the parties involved.