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Implementing Takaful in Indiaprospec...

Salman, Syed Ahmed.

Implementing Takaful in Indiaprospects, challenges, and solutions /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Implementing Takaful in Indiaby Syed Ahmed Salman.
Reminder of title:	prospects, challenges, and solutions /
Author:	Salman, Syed Ahmed.
Published:	Singapore :Springer Singapore :2021.
Description:	xxii, 119 p. :ill. (chiefly col.), digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	InsuranceIndia.
Online resource:	https://doi.org/10.1007/978-981-16-6281-2
ISBN:	9789811662812$q(electronic bk.)

Implementing Takaful in Indiaprospects, challenges, and solutions /
Salman, Syed Ahmed.

Implementing Takaful in Indiaprospects, challenges, and solutions /[electronic resource] :by Syed Ahmed Salman. - Singapore :Springer Singapore :2021. - xxii, 119 p. :ill. (chiefly col.), digital ;24 cm.

Introduction of Takaful in India -- Risk, Risk Management and Insurance: Conventional and Islamic Dimensions -- Takaful: Concept, Principles, Types, And Models -- Takaful in Non-Muslim Countries: A way Forward -- Research Methodology -- Findings from Interviews with Insurance Operators -- Conclusion and Suggestions.

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.

ISBN: 9789811662812$q(electronic bk.)

Standard No.: 10.1007/978-981-16-6281-2doiSubjects--Topical Terms:

908612
Insurance
--India.

LC Class. No.: HG8703 / .S35 2021

Dewey Class. No.: 368.954

Implementing Takaful in Indiaprospects, challenges, and solutions /
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505 0 $a Introduction of Takaful in India -- Risk, Risk Management and Insurance: Conventional and Islamic Dimensions -- Takaful: Concept, Principles, Types, And Models -- Takaful in Non-Muslim Countries: A way Forward -- Research Methodology -- Findings from Interviews with Insurance Operators -- Conclusion and Suggestions.
520 $a 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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