Essential Guide to Takaful PDF Download

Author: Engku Rabiah Adawiah Engku Ali
Publisher:
ISBN: 9789834371012
Category : Insurance
Languages : en
Pages : 251

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Author: Simon Archer
Publisher: Wiley
ISBN: 9780470823521
Category : Business & Economics
Languages : en
Pages : 0

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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 : 377

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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: Syed Ahmed Salman
Publisher: Springer Nature
ISBN: 9811662819
Category : Business & Economics
Languages : en
Pages : 134

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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: Engku Rabiah Adawiah Engku Ali
Publisher:
ISBN: 9789834371081
Category : Insurance
Languages : en
Pages : 251

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Author: Serap O. Gonulal
Publisher: World Bank Publications
ISBN: 0821397257
Category : Business & Economics
Languages : en
Pages : 226

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Takaful, which means 'cooperative', is an insurance approach that is instrumental to providing insurance services to Muslims and others with religious objections to aspects of conventional commercial insurance models, specifically interest payments, uncertainty, or gambling kind of transactions.

Author: Sheila Nu Nu Htay
Publisher: John Wiley & Sons
ISBN: 1118503961
Category : Business & Economics
Languages : en
Pages : 207

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Book Description
A comprehensive guide to current issues and practices in governance for Takaful and re-Takaful operations As the global demand for Islamic insurance products increases, a thorough understanding of Takaful principles is vital for accountants, auditors, and leaders of companies offering these products. This book covers the basic accounting principles and practices of Takaful operations, including the segregation of assets, liabilities, income, and expenditures between the Takaful operator and participants; the setting aside of cash reserves for meeting outstanding claims and future claims; and the management of revenue and expenditure. Featuring extensive case studies from real-world situations, this book is the perfect primer for accounting students and practitioners unfamiliar with Islamic finance and Takaful operations. Written by experts from the International Islamic University Malaysia, the leading organisation in research in Islamic finance Covers all the major accounting principles and practices Based on real-world experience and packed with illustrative case studies For practicing accountants and business leaders, this book offers a thorough education in Takaful operations while also serving as an excellent guide for undergraduate students and researchers.

Author: Saiful Yazan Ahmad
Publisher: UUM Press
ISBN: 9672064233
Category : Business & Economics
Languages : en
Pages : 80

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Book Description
Malaysia is ahead of other countries having introduced legislation and guidelines to promote the stability and growth of Islamic finance in the country. Islamic Financial Services Act (IFSA) was introduced in 2013 to coordinate some good deed by adding a number of provisions, including the Takaful Act. Among the guidelines that have been introduced or enhanced by the Malaysian authorities that impact directly on Takaful is a Risk-based Framework for Takaful Operators, Guidelines on Takaful Operational Framework and Syariah Governance Framework for Islamic Financial institutions. Takaful industry is expected to continue its growth in the future with the emergence of new markets in certain countries. This book aims to answer some key questions are often raised about the takaful business based on current market practice and as a quick reference source for anyone interested. The discussion in this book revolves around the issues that have been raised by civil society and the individual directly or indirectly when dealing with Takaful. The author attempts to answer these questions in a style and language that is easily understood by all parties.

Author: Brian Kettell
Publisher: John Wiley & Sons
ISBN: 1119990602
Category : Business & Economics
Languages : en
Pages : 193

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Book Description
Introduction to Islamic Banking and Finance is a succinct guide to the key characteristics of Islamic banking highlighting how these differ from conventional banking. This detailed book illustrates how Islamic banking is consistent with the Sharia'a, a key element of which is the prohibition on collecting and paying interest. This central religious precept appears to rule out most aspects of modern finance but it does allow money to be used for trading tangible assets and business, which can then generate a profit. Brian Kettell's book looks at all aspects of Islamic banking, including chapters on its creation and evolution through to detailed discussions of the issues involved in the Sharia'a contracts of Murabaha, Mudaraba, Musharaka, Ijara, Istisna'a, and Salam. Islamic insurance (Takaful) is also covered. Finally the book takes a look at Sharia'a law and Sharia'a boards, indicating the roles and responsibilities that come with membership. Islamic banks have been operating in places such as Bahrain, Saudi Arabia, Malaysia and Dubai for some time. Conventional bankers have traditionally viewed the sector as a small, exotic niche but recent years have seen a dramatic surge in popularity. A number of Western investment banks have started working with Muslim clerics to create new ranges of financial products designed for devout Muslims, a large and growing market. Although estimates of the size of the Islamic finance industry vary greatly, everyone agrees that it is expanding rapidly and this is the perfect book for anyone looking to understand the industry.

Author: Nafis Alam
Publisher: Springer
ISBN: 3319665596
Category : Business & Economics
Languages : en
Pages : 490

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Book Description
This book provides a comprehensive and practical guide to Islamic finance. It covers a broad range of important topics including Islamic banking, capital markets, Takaful, wealth management, Fintech in Islamic finance, compliance and governance issues. It begins by introducing Islamic banking, covering its objectives, principles and evolution, before moving on to discuss the religious foundations of Islamic finance. The prohibition of Riba and Gharar and Islamic contracts are explored, before Islamic deposits, and financing are discussed in practice. A comparative analysis is provided between Islamic banking products and services in a range of counties throughout the world. Information technology including fintech, payment and settlement networks, opportunities and challenges are also addressed. Corporate governance, Islamic capital markets, and Islamic insurance (Takaful) are all explored, before concluding with a chapter on wealth management and Islamic investment funds. It features case studies based on the authors’ own experiences consulting with Islamic financial institutions. Ideal for those looking to improve their understanding of practical Islamic financing models, contracts, product structures and product features, this book will appeal to both students and practitioners in Islamic finance and banking, those based in Islamic financial institutions, and those based in conventional financial institutions who may be looking to enter the Islamic financial market.