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An exploratory study of shari'ah issues in the application of tabarru' for takaful

Ali, M. Mahbubi and Hassan, Rusni and M. Hasan, Shabana (2014) An exploratory study of shari'ah issues in the application of tabarru' for takaful. Global Review of Islamic Economics and Business, 1 (3). pp. 164-174. ISSN 2338-2619

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Abstract

Takaful industry has witnessed an exponential growth across the world over the last decade, demonstrating an enormous demand for takaful products ranging from short-term general takaful to long-term family takaful. It has attracted considerable attention not only from the Muslim countries, but also from the non-Muslim countries. Despite its promising growth, however, the takaful industry continues to face numerous contentious Shari'ah issues. The present study aims to discuss some of the most fundamental Shari'ah issues in takaful, namely the issue of applying tabarru' concept in takaful and the issue of underwriting surplus of tabarru' fund.

Item Type: Article (Journal)
Additional Information: 1525/47001
Uncontrolled Keywords: Takaful, tabarru', surplus, underwriting
Subjects: H Social Sciences > HG Finance
Kulliyyahs/Centres/Divisions/Institutes: Institute of Islamic Banking & Finance (IIiBF)
Depositing User: Dr Rusni Hassan
Date Deposited: 07 Mar 2016 16:55
Last Modified: 03 Jan 2018 16:06
URI: http://irep.iium.edu.my/id/eprint/47001

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