Takaful and Islamic Cooperative Finance Challenges and Opportunities

• Corporate Author: Harvard University Forum on Islamic Finance (Cambridge, Mass.)
• Other Authors: Ali, S. Nizam (Editor), Nisar, Shariq (Editor)
• Format: Book
• Language: English
• Published: Cheltenham, UK Northampton, MA, USA Edward Elgar PUBLISHING 2016
• Series: Studies in Islamic finance, accounting and governance
• Subjects: Finance > Congresses > Islamic countries; Banks and banking > Congresses > Islamic countries; Investments > Congresses > Islamic countries
• Online Access: Click Here to View Status and Holdings.
• Physical Description: xxvii, 345 pages some illustrations 24 cm
• Bibliography: Includes bibliographical references and index
• ISBN: 9781785363351

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 insurance model and the role of alternate financing mechanisms. Its high level discourse on shari'ah compliance and its nuances places emphasis on the importance of solidarity, cooperation, mutuality and reciprocity.