Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Innovation in Takaful Insurance

Innovation in Takaful Insurance

Zeroual, Koudama

Paperback

Accounting

ISBN10: 6205854732
ISBN13: 9786205854730
Publisher: Our Knowledge Pub
Published: Mar 30 2023
Pages: 52
Weight: 0.20
Height: 0.12 Width: 6.00 Depth: 9.00
Language: English
Unlike conventional finance, the success of Islamic finance depends on both faith and economics. Furthermore, it is important to remember that the goal of Takaful practitioners is not to systematically replicate conventional insurance products and services in accordance with Islamic percepts, but to create new products and services that meet the needs of policyholders, even if this sometimes means slower growth. The challenge is to overcome the image of cosmetic accounting that unduly sticks to the Takaful business. Innovation will have to address products and services, processes and distribution. Until now, the insurance industry has always been able to renew its approaches and models and adapt its offers to societal evolutions. Today, almost all of this activity is being re-questioned, all the more so as it is being traversed, like other financial activities, by the digital revolution. Will the insurance industry, and particularly Takaful, be able to adapt? And above all, will they be able to impose themselves before others take their place?

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