A survey of the islamic insurance literature-Takaful

Research output: Contribution to journalArticle

Abstract

The increasing wealth of the Muslims and growing awareness of the necessity for protections are generating demand for takaful, a risk sharing that is obedient with Islamic law. The purpose of this paper is to survey the literature on Islamic insurance (takaful) covering conceptual and practical aspect of it. We start by defending the Takaful concept, how it is different from the conventional insurers, different models of takafuls, example of Takaful insurance. We then highlighted the growth history of Takaful insurance globally, and finally we survey the literature of Takaful insurance.

Original languageEnglish
Pages (from-to)173-185
Number of pages13
JournalInternational Journal of Economic Research
Volume14
Issue number9
Publication statusPublished - 2017

Keywords

  • Islamic insurance
  • Literature survey
  • Surplus distribution
  • Takaful

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics, Econometrics and Finance(all)

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