gptkbp:instanceOf
|
Islamic insurance
|
gptkbp:alsoKnownAs
|
Islamic insurance
|
gptkbp:alternativeTo
|
conventional insurance
|
gptkbp:basedOn
|
gptkb:Sharia_law
|
gptkbp:differenceFromConventionalInsurance
|
Sharia compliance
no interest or gambling
risk shared among participants
|
gptkbp:fundedBy
|
Takaful fund
|
gptkbp:globalGrowth
|
increasing
|
gptkbp:governedBy
|
Islamic scholars
|
https://www.w3.org/2000/01/rdf-schema#label
|
Takaful
|
gptkbp:introducedIn
|
1979
|
gptkbp:languageOfOrigin
|
gptkb:Arabic
|
gptkbp:managedBy
|
Takaful operator
|
gptkbp:market
|
gptkb:Indonesia
gptkb:Malaysia
gptkb:Pakistan
gptkb:Saudi_Arabia
Gulf Cooperation Council
|
gptkbp:meaning
|
guaranteeing each other
|
gptkbp:operator
|
hybrid models
Mudarabah (profit-sharing)
Wakalah (agency)
|
gptkbp:originatedIn
|
gptkb:Middle_East
gptkb:Sudan
|
gptkbp:participants
|
policyholders
|
gptkbp:principle
|
mutual cooperation
shared responsibility
guarantee
|
gptkbp:profitDistribution
|
dividends to participants
surplus sharing
|
gptkbp:prohibits
|
gharar (uncertainty)
maysir (gambling)
riba (interest)
|
gptkbp:regulates
|
gptkb:Indonesia
gptkb:Malaysia
gptkb:Pakistan
gptkb:Saudi_Arabia
gptkb:Islamic_Financial_Services_Board
local financial authorities
|
gptkbp:relatedTo
|
Islamic finance
Sharia-compliant products
|
gptkbp:requires
|
Sharia board approval
|
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
|