Takaful: Concept and Model by Atiquzzafar Khan

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Rulings of Collective FiqhiBodies about Insurance– Islamic Research Institute of Al-AzharAzharUni.– Council of Gr<strong>and</strong> Ulama of Saudi Arabia– Majlis Tahqiqat-e-Shari'yah Lucknow,India– Islamic Fiqh Academy of Rabita al-Aa'lam-e-Islami– Al Majma’ Al-Fiqhi Al- Islami of OIC– Council of Islamic Ideology, Pakistan
Major Arguments AgainstInsuranceAccording to these Fiqhi bodies ConventionalInsurance is unlawful because of involvement ofprohibited elements like,– Riba (Interest)– Qimar (Gambling)– Gharar (Uncertainty, Doubt, Risk)– Unlawful appropriation of others’ property– Violation of law of inheritance in case of life insurance.
Page 1 and 2: Takaful: Concepts and ModelsByAtiqu
Page 3 and 4: Risk and Insurance:Risk and uncerta
Page 5 and 6: Socio-Economic Benefits of Insuranc
Page 7: Shariah Position of InsuranceOpinio
Page 11 and 12: Takaful Pioneers Takaful started so
Page 13 and 14: Other Islamic/ Takaful Legislations
Page 15 and 16: Takaful driversThis movement is dri
Page 17 and 18: Takaful OperatorsThe number of Taka
Page 19 and 20: Takaful Geographical SpreadSouth& E
Page 21 and 22: WORKING OF THE TAKAFULBUSINESS: The
Page 23 and 24: Mudarabah ModelFamily TakafulProfit
Page 25 and 26: In case the Partcipant survivedShou
Page 27 and 28: Shariah Concerns regarding Mudaraba
Page 29 and 30: Wakalah ModelGeneral TakafulCOMPANY
Page 31 and 32: Waqf Model
Page 33 and 34: Cont… Waqif has right to set the
Page 35 and 36: A Waqf Fund would basically be asep
Page 37 and 38: The Challenges ahead Despite a rema
Page 39 and 40: Future OutlookDespite the remarkabl
Page 41 and 42: New Takaful Frontiers Markets like
Page 43 and 44: Conclusions Despite the challenges

Takaful: Concept and Model by Atiquzzafar Khan

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