By 2008, the total gross written premium (GWP) for takaful business (life and non-life combined) had grown to just under $5.1 billion.
Takaful Insurance Resources
Understanding Takaful Practice
Takaful originates from Arabic word Kafalah, which means "joint guarantee". In principle, the Takaful Insurance system is based on mutual co-operation, responsibility, assurance, protection and assistance between groups of participants
New growth paradigms for Takaful at World Takaful Conference
The opening keynote plenary session of the 5th Annual World Takaful Conference (WTC 2010) features a high-profile faculty of international industry leaders who will revisit Takaful growth horizons with an emphasis on re-aligning business models in the aftermath of the global economic crisis.
Middle East Insurance and Reinsurance Summit 2009
The Middle East Insurance and Reinsurance Summit will be held at the Monarch Hotel in Dubai on 11-15 2009, exploring Middle East insurance market growth potential of up to 400 percent, through a full programme of speeches, panel sessions and workshops for encouraging open discussion between delegates and expert panelists and speakers.
Indonesia, The Center of World Islamic Law Insurance (2)
What things that can be insuranced based on Islamic perspective?
Theoretically, all insurance objects can be insuranced. But the higher the risks of an insurance object, the higher the grade of grahar (unclear), and the grade of maisir (gamblinhg). That’s why Islamic Law Insurance, especially the insurance of damages, should avoid the insurance objects with high risk, because in that insurance object, the ghahar is big and the gambling also. So, actually all conventional insurance products can be put into the Islamic profession of faith.
