Takaful: Operations & Business Competence

This is a second book on the subject written by the authors which aims to deepen the knowledge and understanding of the conventional insurance principles and practices as well as the principles and practices of takaful. Whilst the earlier book entitled "Fundamentals of Takaful" was written to provide theoretical and practical aspects of takaful, this book strives to bring readers to the next level of understanding on a more holistic premise. Drawing from the wide experience of the authors as pioneers in the industry, it is felt that the business of takaful shall be better understood with the appropriate prior knowledge in insurance. The wealth of the experience and knowledge of the conventional insurance industry over 400 years historical development, are surely lesson to be learned by the proponents of takaful especially in the development of its legal principles. In general, scholars of the shariah have decreed these principles to be permissible in Islam and of paramount importance in the theoretical and practical development of takaful in the modern financial landscape.