Shariah inspection of surplus distribution in takaful operations

This research intends to shed light on a number of issues related to surplus distribution in takāful. The first part is devoted to revisiting the main financial concepts related to the surplus such as the underwriting surplus and profit. Modes of distribution such as pro-rata and offsetting will als...

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Main Author:	Soualhi, Younes
Format:	Article
Language:	English
Published:	KENMS-IIUM Press 2010
Subjects:	HG8011 Insurance
Online Access:	http://irep.iium.edu.my/25918/ http://irep.iium.edu.my/25918/ http://irep.iium.edu.my/25918/1/Shariah_inspection_of_surplus_distribution_in_takaful_operations.pdf

id	iium-25918
recordtype	eprints
spelling	iium-259182012-11-06T14:24:55Z http://irep.iium.edu.my/25918/ Shariah inspection of surplus distribution in takaful operations Soualhi, Younes HG8011 Insurance This research intends to shed light on a number of issues related to surplus distribution in takāful. The first part is devoted to revisiting the main financial concepts related to the surplus such as the underwriting surplus and profit. Modes of distribution such as pro-rata and offsetting will also be discussed in the light of equity principle advocated by SharÊcah. The second part deals with the major juristic views and doctrines delineated in favor of surplus distribution. Legal doctrines such as the ownership or otherwise of the surplus after donation would be meticulously discussed and reviewed in the light of current practices of takāful operators. The last part deals with a general outline of SharÊcah parameters in relation to equitable surplus distribution. This is followed by a scrutiny of surplus distribution practices of some modern takāful operators both in Malaysia and abroad. The research argues that while it is strongly recommended to redistribute the surplus to the participants only, there is a considerable SharÊcah ground allowing takāful operators to share in the surplus for reasons outlined in this research. KENMS-IIUM Press 2010 Article PeerReviewed application/pdf en http://irep.iium.edu.my/25918/1/Shariah_inspection_of_surplus_distribution_in_takaful_operations.pdf Soualhi, Younes (2010) Shariah inspection of surplus distribution in takaful operations. IIUM Journal of Economics and Management, 18 (2). pp. 197-220. ISSN 1394-7680 http://www.iium.edu.my/enmjournal/content.php
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG8011 Insurance
spellingShingle	HG8011 Insurance Soualhi, Younes Shariah inspection of surplus distribution in takaful operations
description	This research intends to shed light on a number of issues related to surplus distribution in takāful. The first part is devoted to revisiting the main financial concepts related to the surplus such as the underwriting surplus and profit. Modes of distribution such as pro-rata and offsetting will also be discussed in the light of equity principle advocated by SharÊcah. The second part deals with the major juristic views and doctrines delineated in favor of surplus distribution. Legal doctrines such as the ownership or otherwise of the surplus after donation would be meticulously discussed and reviewed in the light of current practices of takāful operators. The last part deals with a general outline of SharÊcah parameters in relation to equitable surplus distribution. This is followed by a scrutiny of surplus distribution practices of some modern takāful operators both in Malaysia and abroad. The research argues that while it is strongly recommended to redistribute the surplus to the participants only, there is a considerable SharÊcah ground allowing takāful operators to share in the surplus for reasons outlined in this research.
format	Article
author	Soualhi, Younes
author_facet	Soualhi, Younes
author_sort	Soualhi, Younes
title	Shariah inspection of surplus distribution in takaful operations
title_short	Shariah inspection of surplus distribution in takaful operations
title_full	Shariah inspection of surplus distribution in takaful operations
title_fullStr	Shariah inspection of surplus distribution in takaful operations
title_full_unstemmed	Shariah inspection of surplus distribution in takaful operations
title_sort	shariah inspection of surplus distribution in takaful operations
publisher	KENMS-IIUM Press
publishDate	2010
url	http://irep.iium.edu.my/25918/ http://irep.iium.edu.my/25918/ http://irep.iium.edu.my/25918/1/Shariah_inspection_of_surplus_distribution_in_takaful_operations.pdf
first_indexed	2023-09-18T20:38:37Z
last_indexed	2023-09-18T20:38:37Z
_version_	1777409214658904064

Shariah inspection of surplus distribution in takaful operations

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