Risk And Risk Management Of Takaful Industry
AbstractIslamic finance consists of Islamic banking, Islamic insurance and Islamic capital market. Being one of the major elements, takaful (Islamic insurance) does have a significant role in the industry. The concept of takaful is where a group of people participate in a scheme that enables them to share the burden of any misfortunes faced by any of the participants/policyholders, and where appropriate, compensation are paid using the funds contributed by the participants.
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Bibliographic InfoArticle provided by Global Research Agency in its journal Journal of Global Business and Economics.
Volume (Year): 4 (2012)
Issue (Month): 1 (January)
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Web page: http://www.globalresearch.com.my/journal.htm
Takaful; Shari’ah; Risk Management;
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