August 31, 2018
Corporate Governance is a prerequisite for promotion of growth and competition in the financial services industry. It protects both customers and investors. Takaful provides an Islamic […]
August 25, 2018
Conventional insurance companies collect premiums from policyholders and assume from them the risks of insured losses. There is always a risk of insolvency for the insurance […]
August 20, 2018
General Takaful provides protection for non-life matters such as fire, home, automobile, liability, marine, crops, and various business matters. General Takaful contracts are usually one year […]
August 18, 2018
Muslim jurists and Shari’ah scholars have objected to life insurance schemes as life and death is ordained by Allah and cannot be insured. Further, conventional life […]
August 10, 2018
The evolution of Takaful is a relatively new phenomenon in Islamic Finance and comparatively less research has been done on this topic. All Takaful business models […]
August 5, 2018
The Takaful agreement is similar to other standard contracts requiring contracting parties, legal capacities, offer and acceptance, consideration, subject matter, insurable interest, and good faith. However, […]
August 1, 2018
There was no direct equivalent of insurance in classical Islamic traditions. Since Insurance is about risk mitigation, the scholars had to look for equivalent strategies in […]
June 30, 2018
The banks converting from conventional to Islamic banking can continue to have demand and time deposits with different maturities. The main difference is that no interest […]
June 1, 2018
Islamic banking provides financial services to both Muslims and non-Muslims. In that sense, it is similar to a conventional bank and requires meticulous studies of banking […]