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Social Takaful

In: Islamic Social Finance

Author

Listed:
  • Sherin Kunhibava

    (University of Malaya)

  • Aishath Muneeza

    (INCEIF)

  • Maryam Binti Khalid

    (University of Malaya)

  • Zakariya Mustapha

    (University of Malaya)

  • Thong Ming Sen

    (University of Malaya)

Abstract

This chapter provides a comprehensive exploration of Social Takaful, offering readers insights into this crucial aspect of Islamic Social Finance. The chapter commences with an overview of Social Takaful, unraveling its fundamental principles and significance. A comparative analysis distinguishes Social Takaful from other Islamic financial tools like Sadaqah, Zakat, Waqf, Microfinance, and Social Sukuk, highlighting their unique contributions. The legal framework governing Social Takaful in Malaysia is thoroughly examined, providing readers with a clear understanding of regulatory nuances. Real-world case studies elucidate the practical application and impact of Social Takaful, offering valuable lessons. The chapter concludes by delving into the prevalent issues and challenges within the realm of Social Takaful, fostering a nuanced comprehension of this critical aspect of Islamic financial practice.

Suggested Citation

  • Sherin Kunhibava & Aishath Muneeza & Maryam Binti Khalid & Zakariya Mustapha & Thong Ming Sen, 2024. "Social Takaful," Springer Books, in: Islamic Social Finance, chapter 0, pages 129-145, Springer.
    • Handle: RePEc:spr:sprchp:978-981-97-1410-0_7
    DOI: 10.1007/978-981-97-1410-0_7
    as

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