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Takaful by Hina Uqaili, Sarosh Haroon Sualehi Taiba Zia, Hamza Ahmed Muhammad Ali Mirza

Takaful

by Hina Uqaili , Sarosh Haroon Sualehi Taiba Zia , Hamza Ahmed Muhammad Ali Mirza
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Book cover type: Paperback
  • ISBN13: 9783845416502
  • Binding: Paperback
  • Subject: N/A
  • Publisher: LAP Lambert Academic Publishing
  • Publisher Imprint: LAP Lambert Academic Publishing
  • Publication Date:
  • Pages: 80
  • Original Price: GBP 40.67
  • Language: English
  • Edition: N/A
  • Item Weight: 127 grams
  • BISAC Subject(s): General

Takaful is an Islamic insurance concept which is grounded in Islamic muamalat (banking transactions), observing the rules and regulations of Islamic law. It originates from Arabic word 'kafalah', which means "guaranteeing each other" or "joint guarantee". In principle, the takaful system is based on mutual co-operation, responsibility, assurance, protection and assistance between groups of participants. It is a form of mutual insurance. This book examines the various options of insurance available under the Islamic modes of finance.

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