Re-takaful Products in a Nutshell

Mohd Ma’Sum Billah
Additional contact information
Mohd Ma’Sum Billah: King Abdulaziz University

Chapter Chapter 2 in Islamic Insurance Products, 2019, pp 29-45 from Springer

Abstract: Abstract Re-Takaful or Islamic reinsurance is essentially about handling risk. It is a risk aversion method in which the Takaful ceding company resorts to either a conventional reinsurer or a Re-Takaful operator to reinsure originally insured risks against an undesirable future situation if the risk insured were over and above the normal underwriting or claim. Thus, a Takaful ceding company may, based on limited financial resources, hedge against possible incapability to meet all Takaful reinsurance protection from a financially capable reinsurer, which will thus take over the coverage of the large proportion of the risk.

Date: 2019
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-17681-5_2

Ordering information: This item can be ordered from
http://www.springer.com/9783030176815

DOI: 10.1007/978-3-030-17681-5_2

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().