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
The Chancellor Guide - Islamic Finance -
Chancellor Guide to the Legal and Shari’a Aspects of Islamic finance is now published, providing western institutions that interested in Islamic finance genuine and reliable information on structuring of Shari’a compliant financial product that are rarely to be found. The publication is the pioneer in explaining many important legal aspect of Islamic Finance. 19 Legal practitioners and advisors are together in bringing 355 page guide that offers practical insights on Islamic finance which are valuable both to experts and laypersons.
Leading Shari’a technician Dr.Humayon Dar and Islamic lawyer Umar F. Moghul, are co-editor of the guide, which draw on several years of experience in Islamic finance product development and leading financial institutions conselling.
The guide will be a realiable reference soure for law school and many academic institutions worldwide. It also serve, more importantly, as a reference book for those involved in structuring Islamic financial products
“There was an important gap in literature on Islamic finance. On one hand, we had purely academic works and on the other hand books written as no more than training notes. This Guide is the first of its kind to offer a complete toolkit to those involved in structuring of Islamic financial products,”
said Dr Humayon Dar, CEO of BMB Islamic.
Publication of The Guide was supported of leading companies in islamic finance world, including DIFC, The BMB Group, Hong Leong Islamic Bank, Path Solutions and Trident Trust.
