Revisiting and redefining the concept of retakaful and the viability of its model in Malaysian Takaful industry / Rosmi Yuhasni Mohamed Yusuf

This paper aims to explore the concept of retakaful or Islamic reinsurance in Malaysia in the light of a dynamic development of the takaful and retakaful industry which is gaining its momentum all around the world especially in the Islamic countries. The first part of this paper would concentrate on...

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Main Author:	Mohamed Yusuf, Rosmi Yuhasni
Format:	Article
Language:	English
Published:	Faculty of Business and Management 2011
Subjects:	Malaysia
Online Access:	http://ir.uitm.edu.my/id/eprint/5856/ http://ir.uitm.edu.my/id/eprint/5856/1/AJ_ROSMI%20YUHASNI%20MOHAMED%20YUSUF%20BMQR%2011%201.pdf

id	uitm-5856
recordtype	eprints
spelling	uitm-58562020-03-11T06:20:13Z http://ir.uitm.edu.my/id/eprint/5856/ Revisiting and redefining the concept of retakaful and the viability of its model in Malaysian Takaful industry / Rosmi Yuhasni Mohamed Yusuf Mohamed Yusuf, Rosmi Yuhasni Malaysia This paper aims to explore the concept of retakaful or Islamic reinsurance in Malaysia in the light of a dynamic development of the takaful and retakaful industry which is gaining its momentum all around the world especially in the Islamic countries. The first part of this paper would concentrate on the basic shari‟ah principles which govern the transaction of retakaful and explanation on the importance of retakaful as a fardhu kifayah in Malaysia. The second part would deal with the basic mechanism, basis and methods of retakaful available which are similar to the one in conventional reinsurance. The last part of this paper would be focusing on the issue of choosing the most viable operating models that conforms to the shariah principles and the arguments on a few issues relating to the operational models based on a different school of thoughts within the circle of Islamic scholars. Faculty of Business and Management 2011 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/5856/1/AJ_ROSMI%20YUHASNI%20MOHAMED%20YUSUF%20BMQR%2011%201.pdf Mohamed Yusuf, Rosmi Yuhasni (2011) Revisiting and redefining the concept of retakaful and the viability of its model in Malaysian Takaful industry / Rosmi Yuhasni Mohamed Yusuf. Business and Management Quarterly Review (BMQR), 2 (4). pp. 20-32. ISSN 2180-2777
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Malaysia
spellingShingle	Malaysia Mohamed Yusuf, Rosmi Yuhasni Revisiting and redefining the concept of retakaful and the viability of its model in Malaysian Takaful industry / Rosmi Yuhasni Mohamed Yusuf
description	This paper aims to explore the concept of retakaful or Islamic reinsurance in Malaysia in the light of a dynamic development of the takaful and retakaful industry which is gaining its momentum all around the world especially in the Islamic countries. The first part of this paper would concentrate on the basic shari‟ah principles which govern the transaction of retakaful and explanation on the importance of retakaful as a fardhu kifayah in Malaysia. The second part would deal with the basic mechanism, basis and methods of retakaful available which are similar to the one in conventional reinsurance. The last part of this paper would be focusing on the issue of choosing the most viable operating models that conforms to the shariah principles and the arguments on a few issues relating to the operational models based on a different school of thoughts within the circle of Islamic scholars.
format	Article
author	Mohamed Yusuf, Rosmi Yuhasni
author_facet	Mohamed Yusuf, Rosmi Yuhasni
author_sort	Mohamed Yusuf, Rosmi Yuhasni
title	Revisiting and redefining the concept of retakaful and the viability of its model in Malaysian Takaful industry / Rosmi Yuhasni Mohamed Yusuf
title_short	Revisiting and redefining the concept of retakaful and the viability of its model in Malaysian Takaful industry / Rosmi Yuhasni Mohamed Yusuf
title_full	Revisiting and redefining the concept of retakaful and the viability of its model in Malaysian Takaful industry / Rosmi Yuhasni Mohamed Yusuf
title_fullStr	Revisiting and redefining the concept of retakaful and the viability of its model in Malaysian Takaful industry / Rosmi Yuhasni Mohamed Yusuf
title_full_unstemmed	Revisiting and redefining the concept of retakaful and the viability of its model in Malaysian Takaful industry / Rosmi Yuhasni Mohamed Yusuf
title_sort	revisiting and redefining the concept of retakaful and the viability of its model in malaysian takaful industry / rosmi yuhasni mohamed yusuf
publisher	Faculty of Business and Management
publishDate	2011
url	http://ir.uitm.edu.my/id/eprint/5856/ http://ir.uitm.edu.my/id/eprint/5856/1/AJ_ROSMI%20YUHASNI%20MOHAMED%20YUSUF%20BMQR%2011%201.pdf
first_indexed	2023-09-18T22:47:11Z
last_indexed	2023-09-18T22:47:11Z
_version_	1777417302778576896

Revisiting and redefining the concept of retakaful and the viability of its model in Malaysian Takaful industry / Rosmi Yuhasni Mohamed Yusuf

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