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Author: Mohd Ma'Sum Billah Publisher: Springer Nature ISBN: 3030176819 Category : Business & Economics Languages : en Pages : 500
Book Description
The growth of Islamic finance today is undeniable given its services, product innovation, performance and achievements, with the Islamic insurance market being no exception; it has retained global market recognition in a parallel platform as Islamic finance moves forward. There is much written regarding the Islamic insurance system, but rarely do researchers present the various Islamic insurance products and their structures in one collective place. This book is a timely addition in meeting contemporary market demands by providing a much-needed overview of the Islamic insurance products and their Shari’ah compliant structures. This book would be of interest to academics, researchers, students and professionals who are seeking to understand the products offered.
Author: Mohd Ma'Sum Billah Publisher: Springer Nature ISBN: 3030176819 Category : Business & Economics Languages : en Pages : 500
Book Description
The growth of Islamic finance today is undeniable given its services, product innovation, performance and achievements, with the Islamic insurance market being no exception; it has retained global market recognition in a parallel platform as Islamic finance moves forward. There is much written regarding the Islamic insurance system, but rarely do researchers present the various Islamic insurance products and their structures in one collective place. This book is a timely addition in meeting contemporary market demands by providing a much-needed overview of the Islamic insurance products and their Shari’ah compliant structures. This book would be of interest to academics, researchers, students and professionals who are seeking to understand the products offered.
Author: Simon Archer Publisher: John Wiley & Sons ISBN: 1118179056 Category : Business & Economics Languages : en Pages : 229
Book Description
Authors Rifaat, Archer and Volker bring an international perspective to the growing Islamic Insurance industry. Drawing on contributions from leading experts around the world, they present a comprehensive view of the very issues governing the industry and its future direction. As top financial institutes around the world seem to enter the lucrative Takaful markets, this timely book offers crucial background information and advice, invaluable for any serious player in the market.
Author: Mohd Ma'Sum Billah Publisher: Edward Elgar Publishing ISBN: 178811583X Category : Business & Economics Languages : en Pages : 402
Book Description
p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial} 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 Islamic principles and suits the needs of modern Islamic economies and communities.
Author: Aly Khorshid Publisher: Psychology Press ISBN: 0415311055 Category : Business & Economics Languages : en Pages : 244
Book Description
Some Muslims believe insurance is unnecessary, as society should help its victims. Muslims can no longer ignore the fact that they live, trade and communicate with open global systems, and they can no longer ignore the need for banking and insurance. Aly Khorshid demonstrates how initial clerical apprehensions were overcome to create pioneering Muslim-friendly banking systems, and applies the lessons learnt to a workable insurance framework by which Muslims can compete with non-Muslims in business and have cover in daily life. The book uses relevant Quranic and Sunnah extracts, and the arguments of pro- and anti-insurance jurists to arrive at its conclusion that Muslims can enjoy the peace of mind and equity of an Islamic insurance scheme.
Author: Muhammad Sigit Andhi Rahman Publisher: Hilmia Press/Primedia eLaunch LLC ISBN: 1648714765 Category : Political Science Languages : en Pages : 251
Book Description
Why have Islamic insurance systems developed well in some countries, but not in others? Malaysia is considered as Islamic insurance elite due to its relatively large number of operators it houses as well as the sustained growth of Islamic insurance sales within the country, while Indonesia and Pakistan are still in early stages of development. Analyzing the political and social history of Islamization of insurance systems in these three Muslim majority countries in Asia since 1980s, this book demonstrates the development gap between these countries on Islamic insurance results from; firstly, complex bargains made between various groups within each country polity, and those bargains are structured by the country's fundamental political institutions. Secondly, the gap is also an outcome of different societal transformations during the Islamization that 'produce Islam(s)' in these countries. The revival of Islamic principles in these countries does not only create Sharia-compliant financial products but produces Islamic norms, identities, ethics, and practices enacted in the way the communities manage their risk.
Author: Magid Maatallah Publisher: LAP Lambert Academic Publishing ISBN: 9783845400952 Category : Cooperative insurance Languages : en Pages : 148
Book Description
In order for Islamic insurance companies to succeed, they had to adopt Reinsurance because it is an integral part of Islamic Insurance.Islamic Insurance cannot flourish and succeed except by Reinsurance.The capital of Islamic insurance companies cannot cover the consequences of catastrophic damages which are insured and which may reach tens or hundreds of thousands.Therefore, these companies had to have a financial cover to enable them to recover the consequences of these damages.This cover is provided by the Reinsurance.Companies.Reinsurance is considered as an important means to guarantee the payment of compensation to the Insured who are involved in accidents.Some countries have imposed a condition for the approval of establishing Islamic and non- Islamic Insurance Companies requiring them to present Reinsurance agreements beforehan
Author: Mohd Ma'Sum Billah Publisher: Springer ISBN: 303017624X Category : Business & Economics Languages : en Pages : 443
Book Description
Islamic finance has grown exponentially since 1963 and has reached more than 70 countries around the world with the asset size of about $2.5 trillion. The Islamic financial system today comprises a sizable asset base and there is evidence of sustained demand for Islamic financial products and services in the global market, with demand outstripping supply. This book provides a new source of understanding of the Islamic financial products in view of facilitating academia, industrialists, professionals, product designers, students and policymakers globally. There is a mass of literature on Islamic finance available to the market, but very little research is found in the form of book exclusively on Islamic financial products and their structures. Thus, this book is a timely contribution to the global market with Islamic financial product solutions.
Author: Syed Ahmed Salman Publisher: Springer Nature ISBN: 9811662819 Category : Business & Economics Languages : en Pages : 134
Book Description
This book encourages insurance companies and regulators to explore offering Islamic insurance to boost the insurance industry in India. The distinctive features of Takaful also make it appealing even to non-Muslims. According to the 2012 World Takaful Report, India has immense potential for Takaful is based on the size of its Muslim population and the growth of its economy. However, it is surprising that Takaful has yet to be introduced in India since it has been offered in non-majority Muslim countries, such as Singapore, Thailand, and Sri Lanka. When the concept and practice of Takaful are examined, it is free from interest, uncertainty, and gambling. These are the main elements prohibited in Islam. However, it has been evidenced that these elements are also banned in teaching other religions believed by the Indians. Given this landscape, this book fills the gap in research on the viability of Takaful in India, focusing on its empirical aspects by examining the perception of Indian insurance operators toward Takaful.
Author: Mohd Ma'Sum Billah
Author: Mohd Ma'Sum Billah
Author: Simon Archer
Author: Mohd Ma'Sum Billah
Author: Aly Khorshid
Author: Muhammad Sigit Andhi Rahman
Author: Mohd. Ma'sum Billah
Author: Vardit Rispler
Author: Magid Maatallah
Author: Mohd Ma'Sum Billah
Author: Syed Ahmed Salman