Shari'ah inspection of surplus distribution in Takaful operations

Soualhi, Younes (2009) Shari'ah inspection of surplus distribution in Takaful operations. In: IIiBF Series in Islamic Banking and Finance: 1. IIUM Institute of Islamic Banking and Finance, Kuala Lumpur, pp. 125-151. ISBN 9789834456801

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Abstract

This research tends to shed light on a member of issues to surplus distribution in Takaful. The first part would be devoted to revisiting the main financial concepts related to the surplus and profit. Modes of distribution such as pro- rata and offsetting will also be discussed in the light of equity principle advocated by Shari'ah. The second part would deal with the major juristic views and doctrines such as the ownership or otherwise of the surplus after donation would be meticulously discussed of Takaful operators. The last part would deal with a general outline of Shari'ah parameters in relation to equitable surplus distribution. This is followed by a scrutiny of surplus distribution practices of some modern Takaful operators both in Malaysia and abroad.

Item Type:	Book Chapter
Additional Information:	2098/7323
Uncontrolled Keywords:	Takaful, shariah, surplus distribution
Subjects:	H Social Sciences > HG Finance H Social Sciences > HG Finance > HG1501 Banking K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Sakinah Kamaludin
Date Deposited:	15 Nov 2011 10:40
Last Modified:	24 Nov 2011 11:19
URI:	http://irep.iium.edu.my/id/eprint/7323

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