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Risk And Risk Management Of Takaful Industry

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Author Info

  • Nooraslinda Abdul Aris

    ()
    (Accounting Research Institute & Faculty of Accountancy, UiTM Shah Alam, Selangor, Malaysia)

  • Roszana Tapsir

    ()
    (Accounting Research Institute & Faculty of Accountancy, UiTM Shah Alam, Selangor, Malaysia)

  • Mohammad Kamil bin Abu Talib

    ()
    (Jabatan Kemajuan Islam Malaysia)

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    Abstract

    Islamic 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 Info

    Article provided by Global Research Agency in its journal Journal of Global Business and Economics.

    Volume (Year): 4 (2012)
    Issue (Month): 1 (January)
    Pages: 29-39

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    Handle: RePEc:grg:01biss:v:4:y:2012:i:1:p:29-39

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    Web page: http://www.globalresearch.com.my/journal.htm

    Related research

    Keywords: Takaful; Shari’ah; Risk Management;

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