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Retakaful from syariah perspective: a comparative study


Citation

Gunardi, Setiyawan and Deuraseh, Nurdeng @ Nurdeen and Tahir, Hailani Muji and Ahmad, Sanep (2013) Retakaful from syariah perspective: a comparative study. Chinese Business Review, 12 (9). pp. 616-624. ISSN 1537-1506; ESSN: 1935-9624

Abstract / Synopsis

Retakaful is an arrangement to risk of retention limit funding takaful. Similarly, risk arrangements are operated by reinsurance to insurance funding. But, how is the retakaful legal status in Islamic law and the differences between reinsurance. The objective of this study is to identify the status of the retakaful in Islamic law and identify the differences between reinsurance. The study to found that retakaful is prescribed and an alternative to reinsurance, as well as a method of financial protection against the various risks of the takaful industry in excess of the retention limit, which may occur at any time in accordance with the principles of Sharia. Also in this method of risk arrangements, It is found that there are very significant differences in risk between retakaful and conventional reinsurance.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Human Ecology
Halal Products Research Institute
Publisher: David Publishing Company
Keywords: Retakaful; Risk; Retention limits; Reinsurance
Depositing User: Nabilah Mustapa
Date Deposited: 04 Jul 2015 11:58
Last Modified: 20 Oct 2015 15:33
URI: http://psasir.upm.edu.my/id/eprint/28199
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