Is Islamic insurance an alternative to conventional insurance?

Htay, Sheila Nu Nu and Syed, Ahmed Salman (2013) Is Islamic insurance an alternative to conventional insurance? In: 2nd International Conference on Current Trends and Challenges in Management, Engineering, Computer Application and Technology, 22-23 March 2013, Vishwakarma Hall, Deogiri Institute of Engineering and Management Studies, Aurangabad, India.

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Abstract

The significance and importance of Takaful in the Islamic Finance has captured the attention Muslim communities in today’s world. Takaful can be seen as an alternative to conventional insurance due to its strong foundation of Islamic principles which are based on the concept of brotherhood, mutual co-operation and solidarity. It has become a fast growing and developing industry with great potential and has certainly evolved into a comprehensive system which eliminates non-Shari’ah compliant features such as interest, uncertainty and gambling that exist in the conventional insurance.

Item Type:	Conference or Workshop Item (Full Paper)
Subjects:	H Social Sciences > HG Finance > HG1501 Banking
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr. Sheila Nu Nu Htay
Date Deposited:	24 Jul 2013 13:40
Last Modified:	13 Sep 2013 14:59
URI:	http://irep.iium.edu.my/id/eprint/29627

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