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Islamic Life Insurance

Name: Islamic Life Insurance
Brand: Sweet & Maxwell Malaysia
SKU: 9789670498690
Price: 940.00 HKD
Availability: OutOfStock
Author: Mohd Ma'sum Billah
ISBN: 9789670498690

By Mohd Ma'sum Billah

Sweet & Maxwell Malaysia November 2013

Specifications

ISBN-13: 9789670498690
Publisher: Sweet & Maxwell Malaysia
Publication: November 2013
Format: Hardback , 420 pages
Jurisdiction: Malaysia ? Countri(es) for reference only

Details

The book presents an alternative Shariah-compliant life insurance scheme. It takes a comparative look at the elements involved in both the conventional system and the proposed scheme, and suggests a proper model which is both competitive and Shariah-compliant.

KEY FEATURES

Comparative discussion on conventional vs Islamic scheme
Authorities from Quran and Hadith to support suggested insurance model
Tables and charts for easy reference

KEY BENEFITS

Explains the basic principles of insurance (both conventional and Islamic model)
Analysis of the suggested model and its proposed adaptation
Practical solutions to the life insurance policy issues faced by Muslims in the contemporary society

Part I: Concept & Development of Islamic Life Insurance

• Concept and Development of Islamic Insurance (Takaful) (570AD - 21st Century) • Islamic Life Insurance (Family Takaful)

• Islamic Life Insurance (Family Takaful) Scheme in Modern Reality • Takaful Modern vs Insurance • Life Insurance? Islamic vs. Modern • Models of Takaful (Islamic Insurance) as Practised around the Globe

Part II: Principles of Islamic Life Insurance

• Shariah Rulings Governing Takaful Business • The Shariah Supervisory Board Governing Islamic Life Insurance Industries • Shariah Requirements for the Establishment of an Islamic Life Insurance Company • Licensing in Islamic Banking & Life Insurance Businesses • Diyah & Daman: A Model of Quantum of Damages (Third Party Claim) in Islamic Life Insurance (Family Takaful)

Part III: Practices of Islamic Life Insurance

• Underwriting in Islamic Life Insurance • Insurable Interest or Beneficial Interest • Agency (al-Wakalah) in Islamic Life Insurance • Fund Management in Islamic Life Insurance • Actuarial (Pricing) Standard in Islamic Life Insurance • Islamic Life Insurance and its Accounting Treatment • Claim Procedures and Distribution of Benefits in Islamic Life Insurance • Group Islamic Life Insurance (Family Takaful) Plan (Credit) • Islamic Endowment Insurance (Takaful Ma’asyi) Plan • Term Islamic Life (Family Takaful) Rider (an example of Takaful Ikhlas Sdn. Bhd.) • Online Islamic Life Insurance Business • Islamic Life Re-Insurance (Re-Takaful)