How do takaful operators choose which model to adopt? A case study from the Kingdom of Bahrain

Purpose - This paper aims to provide an analysis on howtakafuloperators choose, whichtakafulmodel to adopt when managing their insurance operations. Design/methodology/approach - The research uses a qualitative methodology and uses the Kingdom of Bahrain as a case study. A single/holistic case study design is used to holistically analyse how atakafuloperator chooses whichtakafulmodel to adopt when managing its insurance operations. Findings - The results reveal that generally,takafuloperators adopt either the hybrid wakala-mudharaba or wakala model oftakaful, depending on whether atakafuloperator is managing/investing the participants’ general or family fund, respectively. Research limitations/implications - As the empirical data and results pertain to one jurisdiction, it may be difficult to generalize the empirical findings upon other jurisdictions. Originality/value - This research may have contributed to knowledge by adding to literature empirical data and results in relation totakafulin the Kingdom of Bahrain that may have not previously existed in literature.