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The Insurance of Aviation Risks by the Conventional Insurance Markets

2012
This chapter provides an overview of the concept of insurance as applied to all forms of human endeavor, especially air transportation. It discusses the concepts of direct insurance, reinsurance and retrocession, and the various legal principles that, to date, have shaped the evolution of the insurance industry in general, and the aviation insurance ...
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Solvency Determinants of Conventional Life Insurers and Takaful Operators

Asia-Pacific Journal of Risk and Insurance, 2012
The business of insurance is based on the trust of its policyholders, who expect that their losses will be compensated should the need arise at any time. Thus, sound financial conditions constitute the most important criterion for insurance firms, as well as for takaful operators.
Rubayah Yakob   +3 more
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Enhancing Mutual Assistance: An Analysis of Sharia Insurance Fund Separation in Comparison to Conventional Insurance

JEKSYAH Islamic Economics Journal, 2023
Separation of funds in sharia insurance adheres to the main principle of mutual assistance (ta'awun), which means that each participant must have the intention to help each other. The application of the concept of separation of sharia insurance funds emphasizes the position of tabarru funds which may only be used for the needs of policyholders (ta'awun)
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Risk, Risk Management and Insurance: Conventional and Islamic Dimensions

2021
Risk is one of the determinants that can make our lives succeed or fail. Risk has been playing a significant role in our daily life. This chapter discusses the origin of risk in the sources of Shari'ah and its historical development in Islam by referring to the practices of Prophets.
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A Comparison of the Efficiency of Islamic and Conventional Insurers

SSRN Electronic Journal, 2013
This analysis compares the cost efficiency of Islamic and conventional insurers operating in eight countries. We analyze data collected from 32 insurers using stochastic frontier analysis, data envelope analysis and a partial frontier approach with order-alpha free disposal hull.
Alok Singh, Zaki Zahran
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