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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.
Author: Syed Ahmed Salman
Publisher: Springer Nature
ISBN: 9811662819
Category : Business & Economics
Languages : en
Pages : 134
Get Book Here
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.
Author: Syed Ahmed Salman
Publisher:
ISBN:
Category :
Languages : en
Pages : 162
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Book Description
The main objective of this research is to examine the viability of introducing takaful in India by investigating the prospects and challenges of introducing it. India is a multilinguistic country with the sacred feature of it is 'unity in diversity'. It is a country with 1.3 8 billion population and 13.6% of its population are Muslims. It has the third highest Muslim population after Indonesia and Pakistan. Thus, this study surveys the prospects and challenges of introducing takaful in India by questionnaire to the public and interviewing the insurance operators. Descriptive statistics is used to analyze the questionnaire and content analysis is used for interviews. The fmdings from the questionnaire show that the awareness of takafol is least but the acceptability of takafol and its expected prospects are very good. Moreover, the interview results show that insurance operators are able to offer the takafol products by extending product line or through Islamic windows although their staff need to go through training to be familiar with takafu/. In the opinion of insurance operators, the future of takaful is bright, provided that the government is willing to support it. Basically, it has been found that strengths and prospects of introducing takafu/ are more than weaknesses and threats. Thus, this study concludes that it is viable to introduce takafol in India.
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.
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.
Author: Salman, Syed Ahmed
Publisher: IGI Global
ISBN:
Category : Business & Economics
Languages : en
Pages : 583
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Book Description
Modern business's fast-paced, ever-evolving nature presents a significant challenge for entrepreneurs and business leaders. Staying abreast of emerging trends, technologies, and consumer preferences is crucial for maintaining a competitive edge. However, with the constant influx of information and the rapid pace of change, many struggle to keep up. This can lead to missed opportunities, outdated strategies, and, ultimately, stagnation or failure in the market. New Practices for Entrepreneurship Innovation offers a solution to this challenge by providing a comprehensive guide to navigating the complexities of the modern business landscape. It equips readers with the knowledge and tools they need to thrive, offering not just theoretical concepts but practical insights and real-world examples. This emphasis on practicality makes the book a valuable and applicable resource, ensuring that the audience feels that they are gaining actionable knowledge.
Author: Rafay, Abdul
Publisher: IGI Global
ISBN: 1799802205
Category : Business & Economics
Languages : en
Pages : 888
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Book Description
As an emerging global phenomenon, Islamic economics and the financial system has expanded exponentially in recent decades. Many components of the industry are still unknown, but hopefully, the lack of awareness will soon be stilled. The Handbook of Research on Theory and Practice of Global Islamic Finance provides emerging research on the latest global Islamic economic practices. The content within this publication examines risk management, economic justice, and stock market analysis. It is designed for financiers, banking professionals, economists, policymakers, researchers, academicians, and students interested in ideas centered on the development and practice of Islamic finance.
Author: Salman, Syed Ahmed
Publisher: IGI Global
ISBN:
Category : Business & Economics
Languages : en
Pages : 809
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Book Description
Entrepreneurship, innovation, and education intersections have become crucial in driving organizational and individual success in todays quickly changing economic world. Globalization, technological innovation, and evolving consumer habits constantly transform sectors, requiring quick and innovative answers. The key to this transition is encouraging entrepreneurial attitudes, developing new methods, and using educational frameworks to improve performance in all areas. Entrepreneurship Innovation and Education for Performance Improvement thoroughly examines the ways in which these interrelated areas might collaboratively boost the performance of both organizations and individuals in the current dynamic business landscape. It investigates the interconnections among entrepreneurship, innovation, and education, clarifying how these components contribute to improving performance in both new and existing business ventures. By analyzing present patterns, upcoming approaches, and the revolutionary capability of combining these areas, this book sheds light on promoting a culture of ongoing improvement and success in the modern corporate environment. Covering topics such as entrepreneurial leadership, performance improvement, and sustainability, this book is an essential resource for postgraduate students, researchers, lecturers, industry practitioners, entrepreneurs, business leaders, and more.
Author: Omar Masood
Publisher:
ISBN: 9781527511453
Category : Banks and banking
Languages : en
Pages : 90
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Book Description
Islamic finance is a growing part of the global financial sector. The risks faced by Islamic banks are real, and how well they mitigate them will determine their future. This book answers questions regarding how Islamic Financial Institutions should focus on their risk management practices and the necessary solutions and policy implementation tactics. It also analyses the risk mitigation techniques Islamic institutions are putting to use, looking at different Islamic banks from across the world to investigate their strategies and solutions. Among the topics discussed here are the implementation and outcomes of Basel III, practical enterprise risk management practices, liquidity risk management, and the success story of the global takaful industry.
Author: Adnan Malik
Publisher: Springer Nature
ISBN: 9813290161
Category : Business & Economics
Languages : en
Pages : 193
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Book Description
This book provides a comprehensive account of the theory and practice of takaful, which is an Islamic alternative to insurance. The concepts are explained using real-life case studies, calculations, and exhibits to aid in reader learning and reflection. Takaful, both as an academic subject and as well as practice, is growing particularly in the world leading financial and learning hubs such as in the UK and the USA and countries with large Muslim populations in Asia, Africa, and Middle East.
Author: Mohd Ma'Sum Billah
Publisher: Springer Nature
ISBN: 3030176819
Category : Business & Economics
Languages : en
Pages : 500
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Book Description
The growth of Islamic finance today is undeniable given its services, product innovation, performance and achievements, with the Islamic insurance market being no exception; it has retained global market recognition in a parallel platform as Islamic finance moves forward. There is much written regarding the Islamic insurance system, but rarely do researchers present the various Islamic insurance products and their structures in one collective place. This book is a timely addition in meeting contemporary market demands by providing a much-needed overview of the Islamic insurance products and their Shari’ah compliant structures. This book would be of interest to academics, researchers, students and professionals who are seeking to understand the products offered.
