Business Model - Wakalah

Under Wakalah model, Archipelago act as an agent or ‘wakeel’ to represent their client known as participants. The ‘wakeel’ is the Takaful Operator in this concept.

Shareholders of the Takaful Operator provide the capital to establish the Wakalah Takaful as a donation under the basis of ‘Tabarru’.

The Takaful operator assumes the business risk in developing and operating Takaful business on behalf of the participants. For this, Takaful Operator charging a Wakalah fee for managing the underwriting operations and investing activities, based on the level of contribution, investment returns and generated surplus. The contributions by the participants allocated to the Participants’ Fund based on tabarruʿ or voluntary donation.

Any liabilities for risks underwritten are borne by the fund and any surplus arising from there belongs exclusively to the participants.

IMPORTANT LEGAL MATTERS

The information provided on this website is not intended for distribution to any person in any jurisdiction where such distribution would be contrary to their laws and regulations. Alternatively, Malaysian residents could contact any Licensed Financial Adviser or Licensed Insurance Broker, whom are licensed by the Bank Negara Malaysia (the list can be obtained at BNM’s website: (www.bnm.gov.my) for further advice and assistance.

You are required to read and “accept” this page before the full access is granted. This page explains certain restrictions imposed on Archipelago Life Insurance Limited (Company No. LL09829 | Licence No. IS2013141) on the distribution of information through this website.

• The information and materials contained on this website do not constitute an offer to sell or a solicitation or an invitation by Archipelago Life Insurance Limited to buy any insurance or investment products.

• It is the responsibility of the users of this website to ensure full compliance with their domestic laws and regulations prior to purchasing any insurance or investment products.

• The provision of any information through this website does not constitute or be considered professional advice of any type i.e. investment advice, tax advice, legal advice etc.

The views expressed herein do not necessarily reflect the views of Archipelago Life Insurance Limited as a whole or any part thereof, nor do they constitute a recommendation or any other advice.

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This website has been created for information purposes and all matters relating to this website are governed by the laws of the Federal Territory of Labuan, Malaysia.For further assistance, please contact us at +603-6201 0899 or email: info@archipelagolife.com

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