Implementing Takaful In India

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Implementing Takaful in India

Author : Syed Ahmed Salman
Publisher : Unknown
Page : 0 pages
File Size : 55,8 Mb
Release : 2021
Category : Electronic
ISBN : 9811662827

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Implementing Takaful in India by Syed Ahmed Salman Pdf

This book encourages insurance companies and regulators to explore offering Islamic insurance to boost the insurance industry in India. The distinctive features of Takaful also make it appealing even to non-Muslims. According to the 2012 World Takaful Report, India has immense potential for Takaful is based on the size of its Muslim population and the growth of its economy. However, it is surprising that Takaful has yet to be introduced in India since it has been offered in non-majority Muslim countries, such as Singapore, Thailand, and Sri Lanka. When the concept and practice of Takaful are examined, it is free from interest, uncertainty, and gambling. These are the main elements prohibited in Islam. However, it has been evidenced that these elements are also banned in teaching other religions believed by the Indians. Given this landscape, this book fills the gap in research on the viability of Takaful in India, focusing on its empirical aspects by examining the perception of Indian insurance operators toward Takaful.

Implementing Takaful in India

Author : Syed Ahmed Salman
Publisher : Springer Nature
Page : 134 pages
File Size : 42,7 Mb
Release : 2021-10-07
Category : Business & Economics
ISBN : 9789811662812

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Implementing Takaful in India by Syed Ahmed Salman Pdf

This book encourages insurance companies and regulators to explore offering Islamic insurance to boost the insurance industry in India. The distinctive features of Takaful also make it appealing even to non-Muslims. According to the 2012 World Takaful Report, India has immense potential for Takaful is based on the size of its Muslim population and the growth of its economy. However, it is surprising that Takaful has yet to be introduced in India since it has been offered in non-majority Muslim countries, such as Singapore, Thailand, and Sri Lanka. When the concept and practice of Takaful are examined, it is free from interest, uncertainty, and gambling. These are the main elements prohibited in Islam. However, it has been evidenced that these elements are also banned in teaching other religions believed by the Indians. Given this landscape, this book fills the gap in research on the viability of Takaful in India, focusing on its empirical aspects by examining the perception of Indian insurance operators toward Takaful.

Takaful and Islamic Cooperative Finance

Author : S. Nazim Ali,Shariq Nisar
Publisher : Edward Elgar Publishing
Page : 384 pages
File Size : 54,9 Mb
Release : 2016-07-27
Category : Social Science
ISBN : 9781785363368

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Takaful and Islamic Cooperative Finance by S. Nazim Ali,Shariq Nisar Pdf

Islamic finance distinguishes itself from conventional finance with its strong emphasis on the moral consequences of financial transactions; prohibiting interest, excessive uncertainty, and finance of harmful business. When it comes to risk mitigation, it is unique in its risk sharing approach.

Encyclopedia of Islamic Insurance, Takaful and Retakaful

Author : Mohd Ma'Sum Billah,Ezzedine Ghlamallah,Christos Alexakis
Publisher : Edward Elgar Publishing
Page : 402 pages
File Size : 44,8 Mb
Release : 2024-07-03
Category : Business & Economics
ISBN : 9781788115834

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Encyclopedia of Islamic Insurance, Takaful and Retakaful by Mohd Ma'Sum Billah,Ezzedine Ghlamallah,Christos Alexakis Pdf

p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial} The model of Islamic insurance policy is based on the principles of mutual cooperation, brotherhood and solidarity. This timely volume contradicts the widely-held belief that insurance policies oppose the teachings of Islam, exploring ways in which it coheres with Shari’ah law. The book explores Takaful, an insurance paradigm that is in accordance with Islamic principles and suits the needs of modern Islamic economies and communities.

Risk Management Implementation and Solutions for Islamic Banking and Finance

Author : Kiran Javaria,Omar Masood
Publisher : Cambridge Scholars Publishing
Page : 104 pages
File Size : 51,7 Mb
Release : 2019-01-18
Category : Reference
ISBN : 9781527526358

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Risk Management Implementation and Solutions for Islamic Banking and Finance by Kiran Javaria,Omar Masood Pdf

Islamic finance is a growing part of the global financial sector. The risks faced by Islamic banks are real, and how well they mitigate them will determine their future. This book answers questions regarding how Islamic Financial Institutions should focus on their risk management practices and the necessary solutions and policy implementation tactics. It also analyses the risk mitigation techniques Islamic institutions are putting to use, looking at different Islamic banks from across the world to investigate their strategies and solutions. Among the topics discussed here are the implementation and outcomes of Basel III, practical enterprise risk management practices, liquidity risk management, and the success story of the global takaful industry.

Handbook of Research on Theory and Practice of Global Islamic Finance

Author : Rafay, Abdul
Publisher : IGI Global
Page : 888 pages
File Size : 52,7 Mb
Release : 2019-12-27
Category : Business & Economics
ISBN : 9781799802204

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Handbook of Research on Theory and Practice of Global Islamic Finance by Rafay, Abdul Pdf

As an emerging global phenomenon, Islamic economics and the financial system has expanded exponentially in recent decades. Many components of the industry are still unknown, but hopefully, the lack of awareness will soon be stilled. The Handbook of Research on Theory and Practice of Global Islamic Finance provides emerging research on the latest global Islamic economic practices. The content within this publication examines risk management, economic justice, and stock market analysis. It is designed for financiers, banking professionals, economists, policymakers, researchers, academicians, and students interested in ideas centered on the development and practice of Islamic finance.

Handbook of Islamic Banking

Author : Kabir Hassan,Mervyn Lewis
Publisher : Edward Elgar Publishing
Page : 472 pages
File Size : 42,8 Mb
Release : 2009-01-01
Category : Business & Economics
ISBN : 1847205410

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Handbook of Islamic Banking by Kabir Hassan,Mervyn Lewis Pdf

The Handbook of Islamic Banking comprises 25 studies by leading international experts on Islamic banking and finance specially commissioned to analyse the various debates and the current state of play in the field. From its origins thirty years ago, Islamic banking has expanded rapidly to become a distinctive and fast growing segment of the international banking and capital markets. Despite this expansion, Islamic banking still remains poorly understood in many parts of the Muslim world and continues to be a mystery in much of the West. This comprehensive Handbook provides a succinct analysis of the workings of Islamic banking and finance, accessible to a wide range of readers. At the same time, it seeks to bring the current research agenda and the main issues on Islamic banking before a wider audience. Islamic banking offers, as an alternative to conventional interest-based financing methods, a wide variety of financial instruments and investment vehicles based on profit-and-loss sharing arrangements. These are all explored in detail along with other subjects such as governance and risk management, securities and investment, structured financing, accounting and regulation, economic development and globalization. M. Kabir Hassan, Mervyn Lewis and the other contributors have created an authoritative and original reference work, which will contribute to a wider understanding of Islamic banking as well as provoking further discussion and research. It will be invaluable to all scholars, researchers and policymakers with an interest in this subject.

Introduction to Takaful

Author : Adnan Malik,Karim Ullah
Publisher : Springer Nature
Page : 193 pages
File Size : 47,5 Mb
Release : 2019-11-06
Category : Business & Economics
ISBN : 9789813290167

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Introduction to Takaful by Adnan Malik,Karim Ullah Pdf

This book provides a comprehensive account of the theory and practice of takaful, which is an Islamic alternative to insurance. The concepts are explained using real-life case studies, calculations, and exhibits to aid in reader learning and reflection. Takaful, both as an academic subject and as well as practice, is growing particularly in the world leading financial and learning hubs such as in the UK and the USA and countries with large Muslim populations in Asia, Africa, and Middle East.

Takaful and Mutual Insurance

Author : Serap O. Gonulal
Publisher : World Bank Publications
Page : 226 pages
File Size : 53,8 Mb
Release : 2012-11-15
Category : Business & Economics
ISBN : 9780821397251

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Takaful and Mutual Insurance by Serap O. Gonulal Pdf

Takaful, which means 'cooperative', is an insurance approach that is instrumental to providing insurance services to Muslims and others with religious objections to aspects of conventional commercial insurance models, specifically interest payments, uncertainty, or gambling kind of transactions.

Economic Development and Islamic Finance

Author : Zamir Iqbal,Abbas Mirakhor
Publisher : World Bank Publications
Page : 376 pages
File Size : 43,8 Mb
Release : 2013-08-05
Category : Business & Economics
ISBN : 9780821399538

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Economic Development and Islamic Finance by Zamir Iqbal,Abbas Mirakhor Pdf

Although Islamic finance is one of the fastest growing segments of emerging global financial markets, its concepts are not fully exploited especially in the areas of economic development, inclusion, access to finance, and public policy. This volume is to improve understanding of the perspective of Islamic finance on economic development, social and economic justice, human welfare, and economic growth.

Islamic Capital Market

Author : Malaysia. Suruhanjaya Sekuriti
Publisher : Unknown
Page : 0 pages
File Size : 42,7 Mb
Release : 2011-11-16
Category : Capital market
ISBN : 9835371121

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Islamic Capital Market by Malaysia. Suruhanjaya Sekuriti Pdf

Islamic Capital Market is a series of six titles endorsed by the Securities Commission Malaysia and published by LexisNexis. The publication of the books is in response to the expanding role of Islamic capital market, resulting from the phenomenal growth of Islamic capital market globally. The six titles provide an understanding of the basic concepts of Islamic capital market, its features and philosophy, the applicable regulatory principles, legal and accounting frameworks, important challenges, key trends, fundamentals and the governing principles of Islamic commercial law (Fiqh al-muamalat), as well as the distinctive features and structures of Islamic equities and Islamic securities (sukuk).It is an excellent reference for professionals in both Islamic and conventional capital markets. Anyone aspiring to become a practitioner or be engaged in the Islamic capital market will find these books useful as reference materials. The six titles in the Islamic Capital Market series are:(1) Introduction to Islamic Capital Market(2) Islamic Commercial Law (Fiqh al-Muamalat) (3) Regulatory Requirements, Legal Documentation, Accounting, Auditing and Taxation in the Islamic Capital Market (4) Islamic Equity Market(5) Islamic Securities (Sukuk) Market(6) Valuation of Securities

An Overview of Islamic Finance

Author : Mr. Mumtaz Hussain,Asghar Shahmoradi,Rima Turk
Publisher : International Monetary Fund
Page : 35 pages
File Size : 47,6 Mb
Release : 2015-06-02
Category : Business & Economics
ISBN : 9781513565620

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An Overview of Islamic Finance by Mr. Mumtaz Hussain,Asghar Shahmoradi,Rima Turk Pdf

Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.

Islamic Insurance

Author : Aly Khorshid
Publisher : Routledge
Page : 243 pages
File Size : 50,6 Mb
Release : 2004-02-12
Category : Business & Economics
ISBN : 9781134387359

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Islamic Insurance by Aly Khorshid Pdf

Some Muslims believe insurance is unnecessary, as society should help its victims. Muslims can no longer ignore the fact that they live, trade and communicate with open global systems, and they can no longer ignore the need for banking and insurance. Aly Khorshid demonstrates how initial clerical apprehensions were overcome to create pioneering Muslim-friendly banking systems, and applies the lessons learnt to a workable insurance framework by which Muslims can compete with non-Muslims in business and have cover in daily life. The book uses relevant Quranic and Sunnah extracts, and the arguments of pro- and anti-insurance jurists to arrive at its conclusion that Muslims can enjoy the peace of mind and equity of an Islamic insurance scheme.

Islamic Banking & Finance in South-East Asia

Author : Angelo M. Venardos
Publisher : World Scientific
Page : 259 pages
File Size : 46,5 Mb
Release : 2006
Category : Business & Economics
ISBN : 9789812568885

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Islamic Banking & Finance in South-East Asia by Angelo M. Venardos Pdf

To truly understand the current interest in the development of Islamic banking and finance in South-East Asia and how it is different from the conventional banking system, one must first understand the religious relationship originating from the Qur'an, and then trace the historical geographic and political developments of Islam over recent centuries. Only on this basis can the reader, without prejudice or cynicism, begin to appreciate Shari'ah law and Islamic jurisprudence. With this platform established in the first part of the book, readers are invited to learn about the financial products and services offered, understand the challenges in their development, and ultimately recognize the significant opportunities that Islamic banking and finance can provide both Muslims and non-Muslims.This second edition contains updates of statistics and dates with regards to the development of Islamic banking in Malaysia, Singapore, Indonesia and Brunei. In particular, the chapter on Singapore details significant developments such as the direction which major banks are taking towards Islamic banking and the increase in Islamic banking products being offered.Although written by a non-Muslim author, this highly-regarded book is being translated into Arabic by a leading Islamic university in the Middle East.

Concept And Application Of Shariah For The Construction Industry: Shariah Compliance In Construction Contracts, Project Finance And Risk Management

Author : Khairuddin Abdul Rashid,Kiyoshi Kobayashi,Sharina Farihah Hasan,Masamitsu Onishi
Publisher : World Scientific
Page : 344 pages
File Size : 53,5 Mb
Release : 2018-10-19
Category : Technology & Engineering
ISBN : 9789813238923

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Concept And Application Of Shariah For The Construction Industry: Shariah Compliance In Construction Contracts, Project Finance And Risk Management by Khairuddin Abdul Rashid,Kiyoshi Kobayashi,Sharina Farihah Hasan,Masamitsu Onishi Pdf

The application of Shariah compliance in business transactions continues to increase. The Asian financial crisis of 1997, global financial crisis of 2007-2008, Enron scandal and other reported ills besieging conventional business transactions have led to advocates of Shariah-compliant business transactions promoting the latter as a credible alternative. However, unlike the banking, commerce and financial sectors, the uptake by the construction sector was sluggish due to limited understanding of Shariah among the practitioners and policymakers compounded by the lack of research and publications on its application for the construction sector.This book is intended for students, researchers, practitioners and policymakers of the construction industry as well as the related upstream and downstream activities. It offers basic theories, challenges current practices, and proposes innovative ideas on Shariah compliance and its application for the construction industry.Related Link(s)