Takaful: realities & challenges
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This book discusses risk, risk management and the operational aspects of the two broadly classes of takaful products namely, general and family takaful. In this book, the authors have also explained the various functions involved in typical takaful operations including the process of underwriting, claims, marketing, investment and retakaful while at the same time, bringing in the Shari'ah elements in all of these functions. The authors believe that while takaful and conventional insurance possess many similarities, their contracts are somewhat different.
Insurance , Takaful , Risk management
Alhabshi, S. O., Sharif, K., Shaikh Abdul Razak, S. H., & Ismail, E. (2012). Takaful: realities & challenges. Selangor, Malaysia: Pearson.