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Practices of Takaful

In: Encyclopedia of Islamic Insurance, Takaful and Retakaful

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Abstract

Here we present the practices of Takaful. The issue regarding whether a licensed insurance agent or a broker can also be licensed to market Takaful products is analyzed based on different Shari’ah alternatives. Also, the general Takaful contract and the premium in Takaful are discussed. The beneficiaries of Takaful are explained, focusing on special cases like children. Accounting and management issues are also examined in addition to valuation of assets and liabilities.

Suggested Citation

  • ., 2019. "Practices of Takaful," Chapters, in: Encyclopedia of Islamic Insurance, Takaful and Retakaful, chapter 4, pages 179-232, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18149_4
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    Cited by:

    1. Aura María García Pabón, editor & Ana María Pérez Herrán, editor & Ismael Beltrán Prado, editor, 2019. "Competencia económica : reflexiones sobre los diez años de la Ley 1340 de 2009," Books, Universidad Externado de Colombia, Facultad de Economía, number 80, August.

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