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Encyclopedia of Islamic Insurance, Takaful and Retakaful

2019
The model of Islamic insurance policy is based on the principles of mutual cooperation, brotherhood and solidarity. This timely volume contradicts the widely-held belief that insurance policies oppose the teachings of Islam, exploring ways in which it coheres with Shari’ah law. The book explores Takaful, an insurance paradigm that is in accordance with
Billah, Mohd   +2 more
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Takaful insurance efficiency in the GCC countries

Humanomics, 2015
Purpose – The purpose of this paper is to analyze the performance of the Takaful insurance firms in the Gulf Cooperation Council (GCC) countries and do a relative analysis for its different units. Design/methodology/approach – This paper analyzes the technical ...
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Efficiency comparisons of takaful insurance and conventional insurance in Pakistan

Journal of Islamic Accounting and Business Research
Purpose The efficiency of Takaful insurance compared to conventional insurance in Pakistan is an important topic for individuals and businesses seeking optimal insurance solutions. This study aims to investigate how effectively Takaful and conventional insurance organizations operate in Pakistan from 2017 to 2023 ...
Muhammad Saeed Iqbal   +3 more
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Optimal incentives for takaful (Islamic insurance) operators

Journal of Economic Behavior & Organization, 2015
Abstract The relationship between policyholders and an Islamic insurance (takaful) operator is in essence a principal-agent relationship. This paper analyzes the power of incentives offered to takaful operators in mitigating problems associated with such a relationship.
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Insurance solvency supervision, European regulation and takaful products

2009
This paper investigates the application of global solvency supervisory principles and the European Solvency II regulatory framework to Takaful schemes, given their growth potential in both Western and Islamic countries. Due to their particular nature, concerns have been raised as to the suitability of international standards for sound and proper ...
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Takaful Insurance: Concept, History and Development Challenges

2011
After barely half a century of experience, Islamic banking has become established as a niche industry across the world, offering new and sophisticated financial products designed to be compliant with Islamic legal principles and common law. This comprehensive book explores the theory, principles and practices underpinning this rapidly expanding sector ...
Syed Othman Alhabshi   +1 more
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Insurance Industry Performance in Malaysia: Comparison Between Takaful and Conventional Insurance

International Journal of Research and Innovation in Social Science
The insurance industry in Malaysia is divided into two, conventional insurance and takaful. Both types of insurance have the same goal as protection against the risks faced by each individual or business. However, these two types of insurance have different management methods.
Nurfatin Azira Binti Mohd Anuar   +1 more
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Insurable Interest in Takaful: A Theoretical Contrivance for Islamic Insurers

2016
The Takaful (Islamic Insurance) is not only a key branch of the Islamic Financial System (IFS) but also one of the important Islamic financial instruments and a strong tool for managing individual risks and business overturns. In terms of operational models, it shares some business setups with Islamic banking, and in a way, it is regarded as “a modern ...
Azeez, Yusuf Abdul   +1 more
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