Islamic Insurance (Takaful)
Help one another in virtue, righteousness and piety 5:2 The Qur’an Islamic insurance is a term used for takaful that is a form of insurance based on principles of mutuality […]
Participation Insurance (Takaful): An Alternative to Conventional Insurance
CMS Legal Turkey September 29 2017 Purpose and scope of the regulation The Regulation on the Operational Procedures and Principles of Participation Insurances’ (“Regulation”) was published in the Official Gazette on 20th September 2017 and will enter into force on 20th December 2017. The regulation aims to provide a formal legal framework for participation […]
What is ‘Takaful’ (= Islamic Insurance)
What is Takaful? All human activities are subject to risk of loss from unforeseen events. To alleviate this burden to individuals, what we now call insurance has existed since at least 215 BC. This concept has been practiced in various forms for over 1400 years. It originates from the Arabic […]
The Role of Islamic Finance – IREF Summit, London: 21st November, 2013
To all participants of the IREF Summit, we are happy to announce a special focus session scheduled for the morning of the 21st of November on Insurance, its importance to real estate transactions and innovative developments for the Islamic Finance real estate markets. All too often, insurance for all levels […]