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

Takaful

Paperback

Business General

ISBN10: 3845416505
ISBN13: 9783845416502
Publisher: Lap Lambert Academic Pub
Published: Apr 20 2012
Pages: 80
Weight: 0.28
Height: 0.19 Width: 6.00 Depth: 9.00
Language: English
Takaful is an Islamic insurance concept which is grounded in Islamic muamalat (banking transactions), observing the rules and regulations of Islamic law. It originates from Arabic word 'kafalah', which means guaranteeing each other or joint guarantee. In principle, the takaful system is based on mutual co-operation, responsibility, assurance, protection and assistance between groups of participants. It is a form of mutual insurance. This book examines the various options of insurance available under the Islamic modes of finance.

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Business General