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Chapter Seven: Mutual Takaful Insurance - Coggle Diagram
Chapter Seven: Mutual Takaful Insurance
The Concept of Mutual Takaful Insurance
The Mutual type
Islamic Insurance Company
Definitions
Applicable Forms of Mutual Takaful Insurance
the participation-based form
the premium-paid in advance form
History of Mutual Takaful Insurance
The oldest form of insurance regulation can be traced back to Rhodes in 916 B.C
Ancient forms of Takaful Insurance appeared in China around 5000 years ago
In ancient Rome, societies provided financial support to the families of deceased military members
The concept of insurance spread to the Phoenicians and Lombardians in north Italy
Ibn Khaldun mentioned various forms of Takaful Insurance practiced by Arabs before Islam
groups of merchants involved in overseas trade
Characteristics of Mutual Takaful Insurance
Takaful Insurance is a consensual contract that includes obligations and acceptance
Takaful Insurance is managed by the policyholders themselves
It is a form of donation and a type of Takaful
Premiums paid by policyholders remain their own property
Takaful Insurance has limited practical application
. Legitimacy of Cooperative "Takaful " Insurance
The Holy Quran and Hadith
The system of "Akila"
The aims of Shari'ah studies are to meet the interests of the worshippers of God