Volume 4 • Issue 2 • PP: 18-21 • 2024
Takaful: Principles, Practices, and Global Growth
Open Access & Copyright
© 2024 The Author(s). Published by ASPG. This article is licensed under the Creative Commons Attribution 4.0 International License (CC BY 4.0).
Abstract
This article explores Takaful, an Islamic insurance scheme adhering to Sharia principles. It examines its unique features compared to conventional insurance and its role within Islamic banking. Additionally, it highlights Takaful’s expansion globally, especially in countries like Malaysia, Pakistan, Indonesia, Turkey, UAE, and Great Britain.
Keywords
References
[1] U.A.Dadabaev. Insurance relationships in Islamic finance: development prospects of family Takaful. Economic Development and Analysis, November 2023, 7th edition.
[2] Syed, Ahmed, Salman. Takaful in Non-Muslim Countries: A Way Forward. (2021). doi: 10.1007/978-981-16-6281-2_4
[3] M.M., Magomadova., I.P., Khominich., O.V., Savvina. (2019). General Takaful and Mechanism of its Introduction into mutual Insurance System. doi: 10.15405/EPSBS.2019.03.02.153
[4] Fareeda, Ashraf., Muhammad, Mahmood, Shah, Khan., Zohaib, Naeem, Babar. (2022). Determinants of Takaful Demand: Evidence from Pakistan. Global regional review, doi: 10.31703/grr.2022(vii-ii).30
[5] Takaful-growth nexus before and after the implementation of ifsa 2013: empirical evidence from malaysia. International journal of Islamic banking and finance research, (2023). doi: 10.46281/ijibfr. v11i1. 2029
[6] Monther, Eldaia., Mustafa, Mohd, Hanefah., Ainulashikin, Marzuki., Saddam, Ali, Shatnawi. Takaful in Malaysia: Emergence, Growth, and Prospects. Social Science Research Network, (2020). doi: 10.4018/978-1-7998-0218-1.CH035
[7] Abdusamat ugli Dadabaev, Umidjon, Khusniddin Faxriddinovich Uktamov, Abduvali Abdurakhimovich Isadjanov, Zokir Rustamovich Sodikov and Nilufar Sherkulovna Batirova. “Ways to Improve Integration of Uzbekistan in Global Financial Services with the Participation of Takaful Companies in the Conditions of Development of the Digital Economy.” The 5th International Conference on Future Networks & Distributed Systems (2021): n. pag.
[8] Muhammad Eid Balbaa, Maha Ibrahim, Samandarboy Sulaymanov, Durdona Davletova. (2023). The Role of Information Technology in Improving the Quality of Information and its Implications for Economic Development. Journal of Sustainable Development and Green Technology, 2 (1), 25-37. https://doi.org/10.54216/JSDGT.020103
Cite This Article
Choose your preferred format
Publisher's Note
The statements, opinions, and data presented in this article are solely those of the author(s) and do not necessarily represent those of ASPG, the journal, or its editors. ASPG and the editors disclaim responsibility for any harm arising from the use of any ideas, methods, instructions, or products described in this article, to the fullest extent permitted by applicable law.