COMPARISON OF MATHEMATICAL FORMULATION IN INSURANCE AND TAKAFUL
PENULIS: Puspa Liza Ghazali, Wan Muhamad Amir W Ahmad, Mustafa Mamat
This book is designed to provide an introduction to insurance and takaful business. Basically in insurance and takaful, mathematical formulation has been used to calculate the premium, interest rate, surrender value, and maturity value of the policy. This book tries to come up with the methods on how the concept of getting formulae between insurance and takaful. This book has also gives the certain comparison between takaful and insurance in many angles.