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    Takaful and Islamic Cooperative Finance for Beginners!
    Takaful and Islamic Cooperative Finance for Beginners!
    Takaful and Islamic Cooperative Finance for Beginners!
    Ebook59 pages34 minutes

    Takaful and Islamic Cooperative Finance for Beginners!

    By Andrei Besedin

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    About this ebook

    Takaful and Islamic Cooperative Finance for Beginners!



    The strong emphasis on the moral consequences of excessive uncertainty, prohibiting interest, harmful business finance, and other financial transactions distinguish Islamic finance from conventional finance. The risk-sharing approach of Islamic finance is unique when it comes to the mitigation of risk. If you are new to Islamic finance, this authoritative book titled “Takaful and Islamic Cooperative Finance for Beginners” will help you have an excellent knowledge of Islamic finance.


    This powerful book will:



    •Show you what Takaful is – the form, function, past, present, and future
    •Mutuality, cooperation, and solidarity in Takaful
    •Models of Takaful –such as Waqf-Wakalah Model
    •Takaful structures and product analysis of Takaful


    Getting the success-driven book is the only way you can explore all the benefits it has to offer. Even though we are not native speakers, and this product might not contain all the information about Takaful and Islamic Cooperative Finance, you won’t regret getting this book.


    Do you know why? The nuance and context of this great book will be an essential stepping stone for people who want to know about Islamic finance and Takaful. Also, it will be a good resource for practitioners and scholars working in Islamic finance. Additionally, it is going to be a good asset for people who want something that can replace shari'ah-compliant cooperative finance.



    Saving up to $1000 when getting this product is possible because it fits into the lowest of budgets. Interestingly, this book is 100-percent risk-free, so you can try it for 7-days, and if you are not pleased, you can ask for a refund through our “manage my kindle page” within seven days.



    You will see a buy button at the upper right side of this page, click it, and you will be able to obtain this reliable product.



    Whether you are a scholar, practitioner, researcher, or someone who is randomly interested in Islamic finance and Takaful, this book can be a bedrock for excellent and basic knowledge in Takaful and Islamic Cooperative Finance. So, why wait for tomorrow to come when you can get a success-driven and powerful book and gain more knowledge now!

    LanguageEnglish
    PublisherAndrei Besedin
    Release dateOct 26, 2019
    Takaful and Islamic Cooperative Finance for Beginners!

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      Book preview

      Takaful and Islamic Cooperative Finance for Beginners! - Andrei Besedin

      Beginners

      A Beginner's Guide to Takaful Insurance

      www.salamstore.org

      Table of Contents

      A Beginner's Guide to Takaful Insurance

      Introduction

      Chapter 1

      History, Definition and the Operations of Takaful and Islamic Cooperative

      Chapter 2

      What Is Takaful?

      Understanding Takaful

      Operating Principles of Takaful

      Differences between Conventional Insurance and Takaful

      Global Takaful Market

      Bans of Gharar, Riba, and Maysir

      Gharar

      Maysir

      Riba

      Gambling and Insurance

      Chapter 3

      Basis and Principles of Takaful

      How Takaful differs from Conventional Insurance

      How Takaful Works

      The Policyholders Funds

      The Shareholders Fund

      Investment of Funds

      Coverage types under Takaful

      General Takaful Concept

      Family Takaful Concept

      Features of Takaful

      Cash back policy for No claims

      Compliant with Shariah

      Chapter 4

      Status of Takaful

      5 Things you need to know about Takaful

      Takaful is an essential part of Islamic finance

      Just like Islamic banks, Takaful plays a vital financial planning role in the society

      The financial interests of the participants are protected because the takaful operators provide public schemes that fall under two main categories - general and family.

      Takaful operators are only seen as agents that manage and ensure the success of the project

      The concept of takaful is not about making profits, rather, it is about caring for people around you and sharing mutual relationship with members of a group that engages in takaful scheme and share the returns among themselves

      Why is Takaful unique?

      Misconceptions About Takaful

      Misconception 1 - Believe that takaful is meant for Muslims alone and non-muslims should engage in conventional insurance.

      Misconception 2 - There's no security in takaful unlike in conventional insurance.

      Misconception 3- Takaful is a religious matter, and as such, standard business procedures are not followed.

      Misconception 4- The Aim of Takaful is not the same as that of conventional insurance.

      Misconception 5- Due to its perceived religious nature, Takaful contains unethical elements.

      Chapter 5

      Takaful Models

      Wakalah

      Mudharabah

      Hybrid

      Differences between Takaful and conventional Insurance

      Co-operative Insurance

      Gambling and Insurance

      Chapter 6

      How to Differentiate between Conventional Life Insurance and Takaful

      Purpose

      Investment

      Returns

      Reasons why conventional insurance goes against sharia law

      Profit or Riba

      Doubt or Gharar

      Gambling/Betting of Maysir

      Chapter 7

      FAQ- Frequently Asked Questions about Takaful

      What are the similarities between conventional and takaful insurance?

      What are the differences between conventional insurance and takaful insurances?

      Conclusion

      © Copyright 2019 - All rights reserved.

      The contents and information in this book may not be duplicated, reproduced, or transmitted without the prior permission from the author or publisher.

      Under no conditions will any litigation or blame be held against the author, or publisher for any form of damage, or loss of money as a result of information contained herein this book either indirectly or directly.

      Legal Notice:

      This is a copyright protected book. This book is for personal use only. You are not permitted to alter, use, sell, distribute, quote or paraphrase any portion, or entire content in this book, without receiving consent

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