Is Islamic insurance an alternative to conventional insurance?
The significance and importance of Takaful in the Islamic Finance has captured the attention Muslim communities in today’s world. Takaful can be seen as an alternative to conventional insurance due to its strong foundation of Islamic principles which are based on the concept of brotherhood, mutual c...
| Main Authors: | , |
|---|---|
| Format: | Proceeding Paper |
| Language: | English English |
| Published: |
2013
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/29627/ http://irep.iium.edu.my/29627/1/IS_ISLAMIC_INSURANCE_AN_ALTERNATIVE_TO_CONVENTIONAL_INSURANCE.pdf http://irep.iium.edu.my/29627/4/7.Is_Islamic_Insurance_an_Alternative_to_Conventional_Insurance_Acceptance_letter.pdf |
| _version_ | 1848780158493786112 |
|---|---|
| author | Htay, Sheila Nu Nu Syed, Ahmed Salman |
| author_facet | Htay, Sheila Nu Nu Syed, Ahmed Salman |
| author_sort | Htay, Sheila Nu Nu |
| building | IIUM Repository |
| collection | Online Access |
| description | The significance and importance of Takaful in the Islamic Finance has captured the attention Muslim communities in today’s world. Takaful can be seen as an alternative to conventional insurance due to its strong foundation of Islamic principles which are based on the concept of brotherhood, mutual co-operation and solidarity. It has become a fast growing and developing industry with great potential and has certainly evolved into a comprehensive system which eliminates non-Shari’ah compliant features such as interest, uncertainty and gambling that exist in the conventional insurance. |
| first_indexed | 2025-11-14T15:29:13Z |
| format | Proceeding Paper |
| id | iium-29627 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T15:29:13Z |
| publishDate | 2013 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-296272013-09-13T06:59:32Z http://irep.iium.edu.my/29627/ Is Islamic insurance an alternative to conventional insurance? Htay, Sheila Nu Nu Syed, Ahmed Salman HG1501 Banking The significance and importance of Takaful in the Islamic Finance has captured the attention Muslim communities in today’s world. Takaful can be seen as an alternative to conventional insurance due to its strong foundation of Islamic principles which are based on the concept of brotherhood, mutual co-operation and solidarity. It has become a fast growing and developing industry with great potential and has certainly evolved into a comprehensive system which eliminates non-Shari’ah compliant features such as interest, uncertainty and gambling that exist in the conventional insurance. 2013 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/29627/1/IS_ISLAMIC_INSURANCE_AN_ALTERNATIVE_TO_CONVENTIONAL_INSURANCE.pdf application/pdf en http://irep.iium.edu.my/29627/4/7.Is_Islamic_Insurance_an_Alternative_to_Conventional_Insurance_Acceptance_letter.pdf Htay, Sheila Nu Nu and Syed, Ahmed Salman (2013) Is Islamic insurance an alternative to conventional insurance? In: 2nd International Conference on Current Trends and Challenges in Management, Engineering, Computer Application and Technology, 22-23 March 2013, Vishwakarma Hall, Deogiri Institute of Engineering and Management Studies, Aurangabad, India. |
| spellingShingle | HG1501 Banking Htay, Sheila Nu Nu Syed, Ahmed Salman Is Islamic insurance an alternative to conventional insurance? |
| title | Is Islamic insurance an alternative to conventional insurance? |
| title_full | Is Islamic insurance an alternative to conventional insurance? |
| title_fullStr | Is Islamic insurance an alternative to conventional insurance? |
| title_full_unstemmed | Is Islamic insurance an alternative to conventional insurance? |
| title_short | Is Islamic insurance an alternative to conventional insurance? |
| title_sort | is islamic insurance an alternative to conventional insurance? |
| topic | HG1501 Banking |
| url | http://irep.iium.edu.my/29627/ http://irep.iium.edu.my/29627/1/IS_ISLAMIC_INSURANCE_AN_ALTERNATIVE_TO_CONVENTIONAL_INSURANCE.pdf http://irep.iium.edu.my/29627/4/7.Is_Islamic_Insurance_an_Alternative_to_Conventional_Insurance_Acceptance_letter.pdf |