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Risk management is of vital importance in Islam and Takāful provides a way to manage risks in business according to Sharī’ah principles. This research paper attempts to identify various types of risks involved in Takāful business that affect operational and investment functions of Takāful...
Persistent link: https://www.econbiz.de/10011261182
This study examined Nile perch demand in the Netherlands and assessed the importance of country of origin as a … determining factor. Import demand equations were estimated using the absolute price version of the Rotterdam model where Nile …). The Armington framework (source-differentiation) is often used when estimating import demand for a similar product from …
Persistent link: https://www.econbiz.de/10005103148
This paper seeks to close the gap of the lack of empirical evidence surrounding the different impact of conventional interest rates on Islamic finance components – Islamic stock markets, Islamic banking and Islamic insurance (called takaful). Such evidence remains imperative in order for the...
Persistent link: https://www.econbiz.de/10011212777
Статья посвящена анализу практического опыта реализации исламской модели страхования в России. Рассматриваются причины неудачи ранних проектов по созданию...
Persistent link: https://www.econbiz.de/10011231758
Purpose – This paper aims to examine empirically whether there is a real demand for takaful products among Muslims in … takaful products to target the rapid increase in Muslim populations in the UK and increase the demand for Islamic insurance … there is a real demand for takaful products among Muslims in the UK. …
Persistent link: https://www.econbiz.de/10010814680
Over the last decade, Islamic banking has experienced global growth rates of 10-15 percent per annum, and has been moving into an increasing number of conventional financial systems at such a rapid pace that Islamic financial institutions are present today in over 51 countries. Despite this...
Persistent link: https://www.econbiz.de/10005825653
Islamic lending transactions are governed by the precepts of the shariah, which bans interest and stipulates that income must be derived as return from entrepreneurial investment. Since Islamic finance is predicated on asset backing and specific credit participation in identified business risk,...
Persistent link: https://www.econbiz.de/10005599746
This paper examines the performance of Islamic banks (IBs) and conventional banks (CBs) during the recent global crisis by looking at the impact of the crisis on profitability, credit and asset growth, and external ratings in a group of countries where the two types of banks have significant...
Persistent link: https://www.econbiz.de/10008671306
Protection is as important as other basic needs as it ensures the continuity of the fulfillment of the needs. The fulfillment from Islamic point of view can be categorised into five major areas as prescribed under the Maqasid al-Shariah. Protection can be achieved via Insurance, but it is not...
Persistent link: https://www.econbiz.de/10011108766
The relationship between policyholders and an Islamic insurance (takaful) operator is in essence a principal-agent relationship. This paper analyzes the power of incentives offered to takaful operators in mitigating problems associated with such a relationship. These incentives include wakalah,...
Persistent link: https://www.econbiz.de/10011190128