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Implementing Takaful in India - Prospects, Challenges, and Solutions (Paperback, 1st ed. 2021)
Loot Price: R2,815
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Implementing Takaful in India - Prospects, Challenges, and Solutions (Paperback, 1st ed. 2021)
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This book encourages insurance companies and regulators to explore
offering Islamic insurance to boost the insurance industry in
India. The distinctive features of Takaful also make it appealing
even to non-Muslims. According to the 2012 World Takaful Report,
India has immense potential for Takaful is based on the size of its
Muslim population and the growth of its economy. However, it is
surprising that Takaful has yet to be introduced in India since it
has been offered in non-majority Muslim countries, such as
Singapore, Thailand, and Sri Lanka. When the concept and practice
of Takaful are examined, it is free from interest, uncertainty, and
gambling. These are the main elements prohibited in Islam. However,
it has been evidenced that these elements are also banned in
teaching other religions believed by the Indians. Given this
landscape, this book fills the gap in research on the viability of
Takaful in India, focusing on its empirical aspects by examining
the perception of Indian insurance operators toward Takaful.
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