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The IFSB Issues Working Paper on Consumer Protection in Takaful

Kuala Lumpur, 17 January 2019 – The Islamic Financial Services Board (IFSB) today issued its ninth research in the Working Paper series which examines...

AAOIFI Shari’ah Standard on Islamic Insurance

This Standard covers Islamic Insurance in terms of its definition, Shari’ah status, characteristics, principles, basic elements, types, and how it differs from Conventional Insurance....

Islamic Insurance (Takaful)

Islamic insurance is a term used for takaful that is a form of insurance based on principles of mutuality and co-operation, encompassing the elements of shared responsibility, joint indemnity, common interest and solidarity

Takaful Emarat rebrand will make direct sales easier, says CEO

Islamic insurance group Takaful Emarat’s recent rebranding exercise is part of its strategy of achieving more direct sales from customers, as opposed to relying on insurance brokers, according to the Dubai-based firm’s chief executive.

Muhammad bin Ibrahim: Takaful industry at crossroads – a critical examination

Just last year, I addressed the insurance industry. The day after, the newspaper headlines screamed "insurance models broken". And so, I was more than a little surprised to receive an invitation to speak. I could not resist it, and so I accepted.

Financial Retakaful Model based on the Concept of Hibah Bithawab

The Shariah Advisory Council (SAC) of Bank Negara Malaysia at its 188th meeting on 30 October 2018 decided that the Financial Retakaful (FinRe) proposal based on the concept of hibah bithawab (gift with reward in return) between a retakaful operator (RTO) and a takaful operator (TO) is not permissible due to the following reasons:

London’s Islamic insurance body publishes underwriter guidelines

The Islamic Insurance Association of London (IIAL) said on Tuesday it had launched a set of guiding principles covering sharia-compliant insurance, or takaful, seeking to address capacity constraints in the sector.

Trends, challenges and opportunities in Islamic Finance in Bosnia and Herzegovina

Islamic finance made inroads in Bosnia and Herzegovina (BH) in 2000 when Bosna Bank International (BBI) was established. This was the first and remains...
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