Takaful and Islamic Cooperative Finance: Challenges and Opportunities (Studies in Islamic Finance, Accounting and Governance series)

Nazim Ali, Research Professor and Director, Center for Islamic Economics and Finance, Hamad Bin Khalifa University, Qatar and Shariq Nisar, Adjunct Professor, ITM Business School, Mumbai, India . Edited by S

Professors Ali and Nisar deserve congratulations for making this important and significant contribution to the literature on takaful.' --Zamir Iqbal, The World Bank Global Islamic Finance Development Center, Turkey'This book is a welcome addition to the literature on takaful, providing fresh perspectives, critical analysis and informative case studies which illustrate how Islamic insurance contributes to social finance in India and Indonesia. The strength of the volume stems from its discussion of the ideas of mutuality and cooperatives, legal and regulatory frameworks, and the potential for takaful in social finance with a view towards sustainable development. The book is an essential purchase for libraries with collections in Islamic finance.' --Rodney Wilson, Durham University and INCEIF, Kuala Lumpur . 'This volume is probably the first of its kind in which the topic of takaful -- often neglected by literatu

Allam, M. Akhtar, S.N. Ayub, M. Uddin. Rehman, M.A. Bin Mahbob, A. Bhatty, J.W. 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. Carmody, M.A. Ahmad, A. Shafiq, H. Nana, V. Faisal, M.F. Haq, I. Samad, B. El-Gamal, M. When it comes to risk mitigation, it is unique in its risk sharing approach.This authoritative book tracks the evolution of the takaful industry over the course of the last four decades and makes a major attempt to highlight the importance of risk sharing through a discussion of various models of cooperation and critical analysis of their performance, including illuminating case studies and a critical assessment of the Islamic in