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Islamic Banking

C/F/1015. Comparative analysis of Takaful and conventional insurance

WORDS:
3850
DATE:
2011
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39.99 GBP

This paper examines Takaful, an Islamic insurance concept and aims to compare the legal element of the concept with that of conventional insurance. The paper begins by describing aspects of Takaful, and this is followed by a comparative analysis. The paper compares topics like the market structure and contractual relationship. The paper concludes by summarising the differences and similarities between the two.

 

KEYWORDS: Takaful, Islamic insurance, conventional insurance, market structure and,

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