Residual Value Takaful

Summary

Residual value Takaful is used to guarantee the value of an asset at a specific date in the future. It is frequently applied to transactions involving automobile fleets, aircraft and real estate.

  • Risk Covered
    • Decline in Market Value of Assets
  • Key points
    • Covers value of asset at a date in future (Future Contract Concept in finance).

  • Information Required
    • Details regarding Bank/Leasing Company
    • List Price
    • Projected sales
    • Description & Value of Assets
    • Product Brochures
    • Profile of Company

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