An Overview of the Emergence of Takaful: An Islamic Type of Insurance Policy
Suria Zainuddin,
Izyan Nadiah Md Noh
Issue:
Volume 2, Issue 5, October 2013
Pages:
112-115
Received:
26 August 2013
Published:
30 September 2013
Abstract: The Islamic type of insurance policy, called Takaful, is increasingly known at present and attracts the attention of the insurance holder especially in Islamic country like Malaysia. The purpose of this article is to provide basic definition and offer some explanations of takaful and how it differs from conventional insurance. It is also aimed to increase the understanding of takaful and avoid misinterpretation of the concept and applications of takaful, an Islamic type of insurance policy.
Abstract: The Islamic type of insurance policy, called Takaful, is increasingly known at present and attracts the attention of the insurance holder especially in Islamic country like Malaysia. The purpose of this article is to provide basic definition and offer some explanations of takaful and how it differs from conventional insurance. It is also aimed to i...
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