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Encyclopedia of Islamic Insurance, Takaful and Retakaful

Mohd M. Billah, Ezzedine GhlamAllah and Christos Alexakis

The model of Islamic insurance policy is based on the principles of mutual cooperation, brotherhood and solidarity. This timely volume contradicts the widely-held belief that insurance policies oppose the teachings of Islam, exploring ways in which it coheres with Shari’ah law. The book explores Takaful, an insurance paradigm that is in accordance with Islamic principles and suits the needs of modern Islamic economies and communities.
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About the authors

Mohd M. Billah, Ezzedine GhlamAllah and Christos Alexakis

Mohd Ma’Sum Billah (DBA, PhD, MBA, MCL, MMB, LLB (hons)) is Professor of Finance and Insurance, Islamic Economics Institute, King Abdulaziz University, Kingdom of Saudi Arabia. Billah has been serving/contributing in academia as well as corporate industries for more than 20 years, with management, teaching, research, solution proving and sharing of strategic and technical thoughts towards the advancement of Islamic insurance (Takaful) in particular and Islamic finance in general besides Halal standards. He has authored more than 30 books and over 200 articles in different issues of Islamic finance, insurance and business. He has also presented more than 300 papers/lectures at conferences, seminars and executive workshops. In addition, he has also been affiliated with corporate, academic and financial industries as well as NGOs in his capacity as a member of the board, chairman, director, advisor, strategic decision maker, transformer and reformer with strategic solutions. Among the areas of his interest/contributions are: Islamic insurance (Takaful), finance, crowdfunding, investment, capital market (Sukuk), social finance, petroleum finance, fin-tech and digital currency standard. Blog: http://www.drmasumbillah.blogspot.com.

Ezzedine Ghlamallah (MBA, MSc, BSc) is a consultant and the Co-founding President of SAAFI, a Takaful brokerage. With his team, composed of wealth managers, lawyers, actuaries and financial professionals, he also advises firms and organizations wishing to structure Takaful or Islamic finance projects. He designs Takaful solutions on the European market and has conducted strategic feasibility studies for banks and insurance companies to implement family Takaful in North Africa. Before creating SAAFI, he gained more than 10 years of experience in banking and insurance. He graduated from The University of Law and Political Sciences of Strasbourg, where he earned his Executive MBA Islamic Finance and obtained a Master’s in Finance, Accounting, Tax system and Wealth Management from The University of Aix-Marseille. He is also an alumnus of the National School of Insurance of Paris, graduating in Banking, Finance and Insurance. Today, he teaches Islamic Finance and Takaful at the University in the cities of Aix-Marseille, Cergy-Pontoise, Dijon, Mulhouse and Strasbourg. He regularly publishes articles in many specialized professional journals and he is the exclusive Takaful Europe correspondent for Islamic Finance News. Blog: https://saafi.fr/articles/.

Christos Alexakis (PhD, MSc, BSc) is Associate Professor in the Department of Finance and Accounting at the ESC Rennes School of Business, France. He has taught at the Universities of York, Leeds and Bradford, the University of Athens and the University of Piraeus. He has written a number of scientific papers published in high quality refereed academic journals, as well as several books related to finance. Since 2016 he has been a member of the Stakeholders Group of the European Securities and Markets Authority (ESMA) as a top ranking academic in the field of finance in Europe.