View source for Takful Report




== Top 20 FREQUENT WORDS ==
takaful 39
islamic 16
insurance 7
financial 6
institutions 6
model 5
asia 4
based 4
challenges 4
countries 4
markets 4
operators 4
participants 4
products 4
riba 4
shariah 4
agency 3
arab 3
bedouin 3
business 3
camel 3
companies 3
estimated 3
growth 3
malaysia 3
movement 3
operator 3
risk 3
role 3
sharia 3
specific 3
uncertainty 3
wakalah 3



== DOCUMENT KEY POINTS ==
*it provide provides mutual protection and joint risk sharing in the event of a loss by one of its member
*introduction takaful is the sharia compliant brand name for the islamic alternative to conventional insurance

*from the holly quran i R the need for insurance is shown in the following verse of the quran
*those of you who die and leave widows should bequeath for their widows a year s maintenance and residence

*he asked the bedouin why don t you tie down your camel the bedouin answered i put my trust in allah swt
*from the hadiths i R by anas bin malik one day prophet muhammad pbuh notced a bedouin leaving his camel without tying it

*riba in insurance i R direct riba excess on one side in case of exchange between the amount of premium
*i R indirect riba the interest earned on interest based investments

*the concept of takaful i R taburro contribution from the participants policy holders i R partnership among the participants
*i R need of an operator i R investment in sharia compliant modes

*i R the role of the shariah board is vital in meeting the specific demand of a public who would not insure otherwise
*shariah compliance i R shariah compliance is an essential element in takaful

*i R wakalah model an agency agreement is made between participants and operators on the basis of wakalah agency agreements i R wakalah based on waqf model the participant s donate the fund and operator charge an agency fee
*different models of takaful i R pure mudarabah model the participants and operator enter into modarabah contract

*takaful pioneers i R takaful started some years ago in the middle east with the launching of two companies i R the islamic arab insurance co
*of sudan i R but it took some time for the movement to take shape

*i R this was instrumental in the successful launching of the takaful movement in malaysia and in other countries of south east asia
*takaful pioneers i R later in malaysia played a pioneering role in setting the first legal framework specific to takaful takaful act

*other islamic takaful legislations i R other markets such as the sudan and iran have islamic regulatory environments and became naturally takaful markets
*i R in the gulf countries specific takaful legislations are coming through in bahrain and in saudi arabia

*on average i R world takaful contributions are conservatively estimated at around us billions of which i R general takaful i R family takaful
*takaful premium i R takaful is one of the fastest growing segments in insurance at around pa

*i R a two digit growth in the range of to can be reasonably sustained for at least the next years in the existing markets far and middle east
*billions of which around are based in asia and africa

*conclusions i R despite the challenges facing this new industry exciting times are ahead once the latent potential is unleashed
*i R the success of takaful largely depends on that of islamic financial institutions on a global basis


 ''Please note, This is an auto generated summary based on sentances position in the document and other factors''
== DOCUMENT WORD ANALYSIS ==
=== Main Category ===
: AlHuda Material\takaful


=== KeyWords ===
taka islam insur malaysia productdeferred shariah countries muslim financial retakaful model growth custom partner developed service mutual bankable provided scheme



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== DOCUMENT REFERENCES ==


=== Number of Pages ===
28


=== Published Date ===
2016-09-17 01:21:15


== Full Document ==


[https://www.hodhood.com/en/HodHoodDocuments/IslamicFinance/Takaful/Takful%20-%20Zubair%20Mughal.pdf Read the Full Document]


[[Category:Islamic Finance]]

[[Category: Takaful]]