Statements (50)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:insurance
|
| gptkbp:alsoKnownAs |
gptkb:Takaful
|
| gptkbp:alternativeTo |
conventional insurance
|
| gptkbp:basedOn |
gptkb:Islamic_law_(Sharia)
|
| gptkbp:compatibleWith |
gptkb:Hadith
gptkb:Quran |
| gptkbp:globalMarketSize |
over $20 billion (2020s)
|
| gptkbp:growingMarket |
gptkb:Middle_East
gptkb:Southeast_Asia |
| https://www.w3.org/2000/01/rdf-schema#label |
Islamic insurance (Takaful)
|
| gptkbp:introducedIn |
gptkb:Sudan
1979 |
| gptkbp:mainDifferenceFromConventionalInsurance |
Sharia compliance
prohibition of interest and gambling risk sharing instead of risk transfer |
| gptkbp:managedBy |
Takaful operator
|
| gptkbp:notableCompany |
gptkb:Qatar_Islamic_Insurance_Company
Syarikat Takaful Malaysia Abu Dhabi National Takaful Prudential BSN Takaful Salama Islamic Arab Insurance |
| gptkbp:operates |
mutual cooperation
shared responsibility guarantee |
| gptkbp:participants |
policyholders
Takaful operator |
| gptkbp:popularFor |
gptkb:Malaysia
Gulf Cooperation Council (GCC) countries |
| gptkbp:principle |
risk sharing
mutual guarantee tabarru' (donation) |
| gptkbp:profitModel |
mudarabah (profit-sharing)
hybrid model wakalah (agency) |
| gptkbp:prohibits |
gambling (maysir)
interest (riba) uncertainty (gharar) |
| gptkbp:regulates |
gptkb:Islamic_Financial_Services_Board_(IFSB)
gptkb:AAOIFI Sharia Supervisory Board |
| gptkbp:surplusDistributedTo |
policyholders
|
| gptkbp:type |
family Takaful
general Takaful |
| gptkbp:usedFor |
gptkb:insurance
life insurance property insurance business insurance motor insurance |
| gptkbp:bfsParent |
gptkb:Islamic_Finance
|
| gptkbp:bfsLayer |
6
|