A Mini Guide to Takaful (Islam Insurance)

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 A Mini Guide to Takaful (Islam Insurance)
 Dr. Engku Rabiah Adawiah
Insurance Law, Islamic Law
 CERT Pubs. Sdn. Bhd., 2008
Published Date: 30-AUG-2010
ISBN: 9789834483661
 108

About the book

The Takaful industry has emerged as an important component of the financial system. The Takaful business has been successfully integrated with the other components of the Islamic financial system and is seen as a new emerging sector with products as competitive as the ones offered by conventional insurance. The conducive environment through the provision of a sound legal, regulatory and Shari`ah framework will continue to facilitate further the development and growth of the Takaful industry towards greater heights.

The first chapter of this Mini Guide provides the readers with a comprehensive understanding of the philosophy and Shari`ah principles in Takaful. The next chapter then explains the various underlying contracts embedded in the various Takaful models. This is followed by the chapter on Takaful models, products and operations.

This Mini Guide will prove useful and constructive to readers who want a better understanding of the Takaful industry in contemporary Islamic finance.

BOOK CHAPTERS:

  • The Philosophy And Shari’ah Principles in Takaful
  • Essential Contracts in Takaful
  • Takaful Products: Models and Operational Issues

 

Author Information

Prof. Dr. Engku Rabiah Adawiah

Prof. Dr. Engku Rabiah Adawiah is currently at the IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia (IIUM). She obtained her LLB (First Class Honours) and LLB (Shari’ah) (First Class Honours) from the IIUM. Shortly thereafter, she successfully completed her Masters of Comparative Laws (MCL) with distinction from the same university. She was conferred with PhD in Law (Securities Regulation) from the University of Aberdeen, United Kingdom.

She teaches both Shari’ah and civil law; particularly on the subjects of Islamic transactions, company law, law of contracts and Islamic banking and securities at both undergraduate and postgraduate levels.

Her research interest is in securities regulation, company law, Islamic law of transaction, and Islamic banking and finance. Her publications include articles in some journals and periodicals in Malaysia and international. She also serves as a member of Shariah advisor and consultant to several financial institutions and legal firms.

Currently, she is a member of the Syariah Advisory Council (SAC) of Bank Negara Malaysia and Securities Commission Malaysia, and an independent Shariah advisor for Islamic securities issuance, approved by and registered with the Malaysian Securities Commission. In addition, she is also a member of the investigation tribunal for the Malaysian Bar Council.