Takaful
Sign in to saveTakaful (, sometimes translated as "solidarity" or mutual guarantee) is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or sharia-compliant alternative to conventional insurance, which contains riba (usury) and gharar (excessive uncertainty).
In the Vinony graph
Within Vinony's link graph, Takaful is referenced by 582 other articles, and connects out to sexuality in Islam, insurance and fasting in Islam.
It sits within the topics Accuracy disputes from August 2016, Harv and Sfn no-target errors and Islamic banking.
Its subject is documented across 18 Wikipedia language editions.
~17 min read
Encyclopedic overview
15 sectionsContents
- Principles
- Fiqh scholars
- Argument against conventional insurance
- Defense of conventional insurance
- Scriptural basis
- History & models
- Modern era
- Models
- The ''Mudharabah'' model (profit-sharing)
- Criticism
- References
- Notes
- Citations
- Books, documents, journal articles
- Sources
Takaful (, sometimes translated as "solidarity" or mutual guarantee) is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or sharia-compliant alternative to conventional insurance, which contains riba (usury) and gharar (excessive uncertainty).
Under takaful, people and companies concerned about hazards make regular contributions ("donations") to be reimbursed or repaid to members in the event of loss, and managed on their behalf by a takaful operator. Like other Islamic finance products, Takaful is grounded in Islamic Muamalat (commercial and civil acts or dealings branch of Islamic law).
Excerpted from Wikipedia’s “Takaful” article, available under the CC BY-SA 4.0 licence.