Introduction Takāful[1] is presented as a mutual, Sharīʿa-compliant alternative to commercial insurance, legitimized by mid-20th-century scholarly deliberations that endorsed mutual insurance, permissible. The first takāful …
Introduction Takāful[1] is presented as a mutual, Sharīʿa-compliant alternative to commercial insurance, legitimized by mid-20th-century scholarly deliberations that endorsed mutual insurance, permissible. The first takāful …
Introduction Takāful[1] is presented as a mutual, Sharīʿa-compliant alternative to commercial insurance, legitimized by mid-20th-century scholarly deliberations that endorsed mutual insurance, permissible. The first takāful company, founded in Sudan in 1979[2], introduced a hybrid structure combining mutualist principles with joint-stock frameworks: unlike traditional mutual insurers, where members are both insured and co-owners, takāful companies separate...
