This mutual fund is managed by a takaful operator, who uses the funds to provide financial protection to policyholders in the event of a loss. The takaful operator also invests the funds in sharia-compliant investments, which means that they are invested in accordance with Islamic principles.

In general takaful, the takaful operator charges a fee for managing the fund and providing the takaful coverage, which is known as the Wakalah fee. This fee is typically a fixed percentage of the contributions paid by the policyholders.