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- Title
TAKAFUL MODELS: THEIR EVOLUTION AND FUTURE DIRECTION.
- Authors
Ali, Mohammad Mahbubi
- Abstract
Takaful (Islamic insurance), being an important emerging sector in the Islamic financial industry, has exhibited remarkable growth across the globe over the last few decades. This indicates an enormous demand for takaful products, from short-term general takaful to long-term family takaful. As a result, takaful has attracted sizable attention from both Muslim and non-Muslim countries. Nevertheless, the industry continues to experience a plethora of contentious issues in its operational models. The present study explores the evolution of takaful models and their future direction.
- Subjects
INSURANCE law (Islamic law); ISLAMIC finance; INSURANCE; INDEMNITY; CHARITY laws &; legislation (Islamic law)
- Publication
Islam & Civilisational Renewal, 2016, Vol 7, Issue 4, p457
- ISSN
1394-0937
- Publication type
Article
- DOI
10.12816/0035216