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Glossary

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N

  • Net claims,Incurred net claims paid less provisions for outstanding claims beginning of the year plus provisions for outstanding claims at the end of the year.
  • Net contributions,Gross contributions less all reTakaful contributions payable
  • Net investment,Income returns on investments less rates and taxes
  • Nisab ,exemption limit
    Exemption limit for the payment of Zakat, which differs for different types of wealth

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