‹ TA-1.1.2 TA-1.1.4 › TA-1.1.3 Takaful has been undertaken using a number of different operational models or combinations thereof. The two most common bases of operating a takaful fund are as follows: a) The al mudaraba model; and b) The al wakala model. Amended: January 2007 Amended: October 2007 ‹ TA-1.1.2 TA-1.1.4 ›