This book offers comprehensive coverage of the many issues surrounding the development of Islamic Insurance - Takaful.
Singapore – August 2009 – Takaful is the means of bringing the social and economic benefits of modern insurance coverage, in a form consistent with the principles of Shari’ah, to the Muslim community. Growth in the takaful industry has been robust in recent years, but the industry is still in its early stages of development – as the industry seeks to resolve its complex structure and other unresolved issues associated with takaful undertakings.
Published by John Wiley & Sons (Asia) Pte Ltd, the new book, “Takaful Islamic Insurance: Concepts and Regulatory Issues” (ISBN: 978-0-470-82352-1) provides an in-depth and comprehensive treatment of the issues governing the industry and its future direction. Edited by Professors Simon Archer, Rifaat Ahmed Abdel Karim and Volker Nienhaus – three eminent scholars and practitioners in Islamic finance – this authoritative book is a distillation of their expertise combined with contributions from some of the greatest thinkers and industry practitioners in this field.
Divided into two parts, the book first examines the business models and conduct, the Shari’ah principles, corporate governance as well as regulatory, legal and supervisory issues in takaful. The second half of the book proceeds to address the technical and operational issues of takaful and retakaful, including risk management and ratings, solvency, capital adequacy, investment portfolios, transparency and financial reporting.
For all those who seek a concrete understanding of the takaful industry, this timely book offers crucial information and advice invaluable for any serious player in the market.
Additional information on the book is available at http://www.wiley.com/WileyCDA/WileyTitle/productCd-0470823526.html.
Takaful Islamic Insurance:
Concepts and Regulatory Issues
Published by John Wiley & Sons, Inc.
Publication Date: July 21, 2009
US$120.00; Cloth; 300 pp.; ISBN: 978-0-470-82352-1
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