Applied Takaful and Modern Insurance : Law and Practice, 3rd Edition

Applied Takaful and Modern Insurance : Law and Practice, 3rd Edition By: Mohd Ma'sum Billah

This book presents a comparison of the ideas and methods of Takaful and contemporary insurance in a straightforward and concise manner. The comparison of the regulatory and practical concerns in the two systems highlights the contrasts and similarities between the two systems, allowing for a clearer understanding of the systems that operate in tandem to address the many risks that people face today. 

• Subject matter at risk, insurable interest, good faith, insurance contracts, risk management, insurance intermediaries, nomination, beneficiaries, claims, distribution, and legal formalities are only a few of the topics addressed.
• The contemporary experience in Takaful operation is discussed
• Recommendations are made for the industry's future growth in the modern world economy.
• Practical comparison of modern (conventional) and Islamic insurance
• A useful guide for developing the Takaful framework in nations that follow Islamic trading norms.
• The theological basis underpinning the relevant Islamic insurance legislation is established through the regular reference of Qur'anic verses and prophetic traditions, with English translations.

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