Faith-based socioeconomic development is imperative for sustainable human and material development. The ultimate goal of socioeconomic progress, in the light of Maqasid al Shariah, may provide a comprehensive framework and a way to benchmark human progress on a wider socioeconomic scale. This...

Participatory financing arrangements including Musharakah and Mudarabah are the essence of Islamic banking and represent the true spirit of Islamic banking and finance. Therefore, Islamic banks are expected to allow and promote participatory financing. In practice, they do not adopt...

1. Insurance -- 2. Insurance from the Shariah Perspective -- 3. Takaful and Its Shariah Compliance -- 4. Risk and Its Mitigation Techniques -- 5. Takaful Models -- 6. Family Takaful -- 7. General Takaful -- 8. Re -takaful -- 9. Distribution Channels -- 10. Underwriting Management -- 11. Claim...