The takaful industry: past, present and future
This concluding chapter has examined the three phases of the development continuum of takaful, namely, the past, the present and the future. In the first section, the discussion evolved from the historical perspective relating the concept al-aqilah to that of present-day takaful. The present phase dwelled on the various issues and challenges facing the takaful industry. Issues affecting the participats, operators, regulators, and other related parties are brought forth for discussion, together with suggestions and guidelines to improve the present situations. The chapter ends with the proposal of a takaful model that could be adopted to address some of the issues and challenges faced presently.
Insurance , Takaful , Risk management
Ismail, Ezamshah. (2012). The takaful industry: past, present and future. In Syed Othman Alhabshi, Kamaruddin Sharif, Shaikh Hamzah Shaikh Abdul Razak & Ezamshah Ismail, Takaful: realities and challenges (pp. 531-551). Selangor, Malaysia: Pearson.
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