Challenges and Opportunities
Edited by S. Nazim Ali and Shariq Nisar
Islamic finance distinguishes itself from conventional finance with its strong emphasis on the moral consequences of financial transactions; prohibiting interest, excessive uncertainty, and finance of harmful business. When it comes to risk mitigation, it is unique in its risk sharing approach.
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- Takaful and Islamic Cooperative Finance
- Chapter 1: Takaful journey: the past, present and future
- Chapter 2: Solidarity, cooperation and mutuality in takaful
- Chapter 3: Mutuality, reciprocity and justice within the context of a unified theory of riba and gharar
- Chapter 4: A proposed marriage between endowments, mutual insurance and the institution of agency in Islamic law: an introduction to the waqf-wakalah model of takaful
- Chapter 5: Critical shari’ah review of takaful structures: toward a better model
- Chapter 6: New horizons: the potential for shari’ah-compliant cooperative and mutual financial services
- Chapter 7: Towards a watershed in takaful dispute resolution: from litigation to effective dispute management
- Chapter 8: Fatwa and its role in regulatory capture and arbitrage
- Chapter 9: The nature of retakaful: risk sharing or transferring risks?
- Chapter 10: Commercial credit takaful
- Chapter 11: Shari’ah-compliant high watermark protected lifetime annuity in family takaful?
- Chapter 12: Reimagining takaful: a new model for social banking
- Chapter 13: Islamic cooperatives: a route to poverty alleviation and economic development
- Chapter 14: Scaling poverty reduction in Indonesia: enhancing the institutional effectiveness of Islamic microfinance institutions
- Chapter 15: Micro-takaful in India: a path toward financial inclusion and sustainable development
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Chapter 1: Takaful journey: the past, present and future
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