I/We hereby declare that all statements made above and other documents submitted in connection with this application are complete and true to the best of My/Our knowledge and belief. I/We agree that this declaration and all statements made above shall form the basis of the Takaful contract between Me/Us and Takaful Ikhlas Sdn Bhd (hereinafter referred as the Company) and they are deemed to be incorporated in the contract. I/We agree that My/Our takaful contribution shall be placed in the General Risk Investment Account (GRIA) and the Company be appointed to manage and invest My/Our GRIA to the expertise of the Company based on the Al-Wakalah principle as defined by the Company and in accordance to Syariah. In return, I/We agree to allow the Company to deduct 25% of the contribution as Wakalah Fee. I/We further agree that a portion of My/Our contribution shall be allocated on monthly basis as Tabarru’ (donation) into the Risk Fund and Special Fund and be used to help other Participants in time of misfortune. The remainder of the Takaful Contribution in the GRIA shall be invested by the Company and the profit arising out of this investment, if any, shall be returned to Me/Us after deducting an Investment Performance Fee of 40% from the profit. I/We also understand that the net surplus arising from the Risk Fund, if any, shall be managed by the Company according to the method and allocation in accordance to the Syariah Principle that will benefit the Participant and the Special Fund.