Insurance

August 31, 2018

Regulation of Takaful Business

Corporate Governance is a prerequisite for promotion of growth and competition in the financial services industry. It protects both customers and investors. Takaful provides an Islamic […]
August 25, 2018

Reinsurance for Takaful Business

Conventional insurance companies collect premiums from policyholders and assume from them the risks of insured losses. There is always a risk of insolvency for the insurance […]
August 20, 2018

General Takaful Operations

General Takaful provides protection for non-life matters such as fire, home, automobile, liability, marine, crops, and various business matters. General Takaful contracts are usually one year […]
August 18, 2018

Life Insurance and Family Takaful

Muslim jurists and Shari’ah scholars have objected to life insurance schemes as life and death is ordained by Allah and cannot be insured. Further, conventional life […]
August 10, 2018

Takaful Business Models

The evolution of Takaful is a relatively new phenomenon in Islamic Finance and comparatively less research has been done on this topic. All Takaful business models […]
August 5, 2018

Takaful Operations

The Takaful agreement is similar to other standard contracts requiring contracting parties, legal capacities, offer and acceptance, consideration, subject matter, insurable interest, and good faith. However, […]
August 1, 2018

Takaful – An Islamic Alternative to Insurance

There was no direct equivalent of insurance in classical Islamic traditions. Since Insurance is about risk mitigation, the scholars had to look for equivalent strategies in […]