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Takaful (Islamic insurance), retakaful, and microtakaful

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dc.contributor.authorWorld Bank
dc.contributor.authorEzamshah Ismail
dc.date.accessioned2020-10-22T11:34:57Z
dc.date.available2020-10-22T11:34:57Z
dc.date.issued2016
dc.description.abstractTakaful, or mutual assistance, is the Islamic counterpart of conventional insurance. The word takaful is derived from an Arabic word kafalah, which means to guarantee. A group of participants agree to support one another jointly for the losses arising from specified risks. They contribute to a fund, and are compensated or reimbursed from that fund in the event of certain risks. The scheme is managed on the participants' behalf by a takaful operator. It is similar to a mutual insurance concept, but it complies with Shariah and is based on concepts of mutual solidarity and risk sharing.en_US
dc.identifier.citationIsmail, Ezamshah and World Bank. (2016). Takaful (Islamic insurance), retakaful, and microtakaful. In The World Bank, Islamic finance: a catalyst for shared prosperity? (pp. 103-117). Washington, D. C.: World Bank Group.en_US
dc.identifier.isbn9781464809262
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3308
dc.languageEnglish
dc.language.isoenen_US
dc.publisherWorld Bank Groupen_US
dc.rights2016. World Bank Group
dc.sourceSEDONA
dc.subjectTakafulen_US
dc.subjectRetakafulen_US
dc.subjectInsuranceen_US
dc.subjectMicrotakafulen_US
dc.subjectislamic financeen_US
dc.titleTakaful (Islamic insurance), retakaful, and microtakafulen_US
dc.typeChapter in Booken_US
dlc.maintopicTakafulen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.licenseAvailable in physical copy and downloadable format (Call Number: HG 3368 A6 I82Wo)
ikr.topic.maintopicTakafulen_US
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relation.isAuthorOfPublication383d4fee-d811-4f7f-97fa-9cf797c7c740
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relation.isAuthorOfPublication.latestForDiscovery383d4fee-d811-4f7f-97fa-9cf797c7c740
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