Takaful: Concept, Principles, Types, and Models

Syed Ahmed Salman
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Syed Ahmed Salman: Lincoln University College

Chapter Chapter 3 in Implementing Takaful in India, 2021, pp 27-54 from Springer

Abstract: Abstract Takaful is social and ethical insurance based on the principle of Taʿawun (cooperation) and Tabarru, where the risk is shared collectively by members of a policy. The concept of Takaful is providing financial assistance to the participants based on mutual aid, brotherhood, and solidarity if the participants face misfortune.

Date: 2021
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DOI: 10.1007/978-981-16-6281-2_3

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