Accounting, Auditing and Governance for Takaful Operations

Accounting, Auditing and Governance for Takaful Operations PDF Author: Sheila Nu Nu Htay
Publisher: John Wiley & Sons
ISBN: 1118503961
Category : Business & Economics
Languages : en
Pages : 207

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Book Description
A comprehensive guide to current issues and practices in governance for Takaful and re-Takaful operations As the global demand for Islamic insurance products increases, a thorough understanding of Takaful principles is vital for accountants, auditors, and leaders of companies offering these products. This book covers the basic accounting principles and practices of Takaful operations, including the segregation of assets, liabilities, income, and expenditures between the Takaful operator and participants; the setting aside of cash reserves for meeting outstanding claims and future claims; and the management of revenue and expenditure. Featuring extensive case studies from real-world situations, this book is the perfect primer for accounting students and practitioners unfamiliar with Islamic finance and Takaful operations. Written by experts from the International Islamic University Malaysia, the leading organisation in research in Islamic finance Covers all the major accounting principles and practices Based on real-world experience and packed with illustrative case studies For practicing accountants and business leaders, this book offers a thorough education in Takaful operations while also serving as an excellent guide for undergraduate students and researchers.

Accounting, Auditing and Governance for Takaful Operations

Accounting, Auditing and Governance for Takaful Operations PDF Author: Sheila Nu Nu Htay
Publisher: John Wiley & Sons
ISBN: 1118503961
Category : Business & Economics
Languages : en
Pages : 207

Get Book Here

Book Description
A comprehensive guide to current issues and practices in governance for Takaful and re-Takaful operations As the global demand for Islamic insurance products increases, a thorough understanding of Takaful principles is vital for accountants, auditors, and leaders of companies offering these products. This book covers the basic accounting principles and practices of Takaful operations, including the segregation of assets, liabilities, income, and expenditures between the Takaful operator and participants; the setting aside of cash reserves for meeting outstanding claims and future claims; and the management of revenue and expenditure. Featuring extensive case studies from real-world situations, this book is the perfect primer for accounting students and practitioners unfamiliar with Islamic finance and Takaful operations. Written by experts from the International Islamic University Malaysia, the leading organisation in research in Islamic finance Covers all the major accounting principles and practices Based on real-world experience and packed with illustrative case studies For practicing accountants and business leaders, this book offers a thorough education in Takaful operations while also serving as an excellent guide for undergraduate students and researchers.

Accounting, auditing and governance standards for islamic financial institutions : the full text of Accounting, Auditing and Governance Standards for Islamic Financial Institutions as at Safar 1423H - April 2002

Accounting, auditing and governance standards for islamic financial institutions : the full text of Accounting, Auditing and Governance Standards for Islamic Financial Institutions as at Safar 1423H - April 2002 PDF Author:
Publisher:
ISBN: 9789990123074
Category :
Languages : en
Pages :

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Book Description


Accounting, Auditing and Governance Standards for Islamic Financial Institutions

Accounting, Auditing and Governance Standards for Islamic Financial Institutions PDF Author: Accounting and Auditing Organization for Islamic Financial Institutions
Publisher:
ISBN: 9789990123012
Category : Accounting
Languages : en
Pages :

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Book Description


Shariah Audit Framework

Shariah Audit Framework PDF Author: Ismail Onagun Abdussalam
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659644061
Category :
Languages : en
Pages : 76

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Book Description
There is still a perception that Shari'ah experts generally have not undergone any robust and transparent tests or professional examinations on their credibility and integrity as normally undertaken by other finance professionals such as economists, accountants and bankers who are regulated by their respective professional bodies and bound by specific professional ethics. Certainly, Accounting and Auditing Organization for Islamic Financial Institutions has put in place qualified professional Shariah auditors by offering professional qualifications in Accounting, Auditing and advisory for Institutions offering only Islamic financial services. This book attempts to explain the significant of internal Shari'ah audit for verifying that Shari'ah compliance has been satisfied, during which any incident of non-compliance will be recorded and reported, and rectified. What are the Shariah auditable areas in the Takaful undertakings. Finally, the book examined the experience of Noor Takaful operator in auditing and adapting Shariah auditable areas in both its General and Family businesses.

Accounting, Auditing and Governance Standards for Islamic Financial Institutions

Accounting, Auditing and Governance Standards for Islamic Financial Institutions PDF Author:
Publisher:
ISBN:
Category : Corporate governance
Languages : en
Pages : 0

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Book Description


Practical Issues of Islamic Financial System in Accounting, Auditing and Governance Standards

Practical Issues of Islamic Financial System in Accounting, Auditing and Governance Standards PDF Author: Muhammad Zubair Usmani
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 24

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Book Description


Research in Corporate and Shari'ah Governance in the Muslim World

Research in Corporate and Shari'ah Governance in the Muslim World PDF Author: Toseef Azid
Publisher: Emerald Group Publishing
ISBN: 1789730090
Category : Business & Economics
Languages : en
Pages : 407

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Book Description
Research in Corporate and Shari'ah Governance in the Muslim World: Theory and Practice aims to address a critical disciplinary gap between Islamic theory and the practice of the corporate sector in the Muslim World. Adopting a critical approach, the book sheds light on the impact of corporate governance on the economies of the Muslim world.

Implementing Takaful in India

Implementing Takaful in India PDF Author: Syed Ahmed Salman
Publisher: Springer Nature
ISBN: 9811662819
Category : Business & Economics
Languages : en
Pages : 134

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Book Description
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.

Encyclopedia of Islamic Insurance, Takaful and Retakaful

Encyclopedia of Islamic Insurance, Takaful and Retakaful PDF Author: Mohd Ma'Sum Billah
Publisher: Edward Elgar Publishing
ISBN: 178811583X
Category : Business & Economics
Languages : en
Pages : 402

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Book Description
p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial} The model of Islamic insurance policy is based on the principles of mutual cooperation, brotherhood and solidarity. This timely volume contradicts the widely-held belief that insurance policies oppose the teachings of Islam, exploring ways in which it coheres with Shari’ah law. The book explores Takaful, an insurance paradigm that is in accordance with Islamic principles and suits the needs of modern Islamic economies and communities.

Takaful and Islamic Cooperative Finance

Takaful and Islamic Cooperative Finance PDF Author: S. Nazim Ali
Publisher: Edward Elgar Publishing
ISBN: 1785363360
Category : Business & Economics
Languages : en
Pages : 374

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Book Description
Islamic finance distinguishes itself from conventional finance with its strong emphasis on the moral consequences of financial transactions; prohibiting interest, excessive uncertainty, and finance of harmful business. When it comes to risk mitigation, it is unique in its risk sharing approach.