by considering the competitive advantages of takaful over conventional insurances, such as sharing the underwriting profit (surplus) and return of investment, an investigation into and providing the takaful model based on shiite jurisprudence is necessary and unavoidable. accordingly, with a survey of the legal structure of conventional takaful and identification of its problems according to im...

nowadays family tkaful in islamic societies has been  studied as islamic financing tools and in detail as a legal institution based on the theory of common benefit – common loss and collective cooperation. likewise in some western countries, among the uk , family tkaful as risk financing tools has important role beside insurance in society risk  financing.  it's seems to be necessary, shia...

Takaful is the Shariah compliant alternative to conventional insurance. Unlike conventional insurance, takaful insurance avoids prohibited concepts according to Islamic law, such as interest (Riba), gambling (Maysir) and uncertainty (Gharar). While there is a rapid growth in the takaful industry worldwide, it is in its early stages in the UK. In the UK there are only two takaful providers, one ...

The purpose of this paper is to distinguish between the performance levels of the Malaysian Takaful and conventional life insurance industries with a view to better informing the decisions of stakeholders. Our analysis makes use of financial ratios and macro-economic variables namely Gross Domestic Product (GDP), Consumer Price Index (CPI) and Treasury Bill Rate (TBR). We use two stage analysis...

Purpose From 1979 to 2023, the takaful structure has been adopted in many jurisdictions, making documenting of its early days establishment relatively difficult and somewhat unreliable. This is unlike conventional insurance, where history legislation are well documented archived various research (Hellwege, 2016; Marano Siri, 2017). The purpose this paper provide a chronology for development via...

ABSTRACT This study examines the effect of Islamic intellectual capital that consists Structural Capital, Human and Capital Employed on takaful financial performance in Southeast Asia Middle East during 2016-2019. The dependent variable, performance, is measured from firm’s ROE. independent variables current are Efficiency (HCE), (SCE), (CEE), Audit Opinion used as a control variable. descripti...

This study is conducted to measure the actual efficiency comparison of life insurance company between Bangladesh and Malaysia. Total 15 life insurance companies’ were selected for the study where 10 conventional life insurance companies’ from Bangladesh and 5 Takaful lifeinsurance companies’ from Malaysia. Authors tried toindicate the problems and way to get exact solutions by using Data Envelo...