May 2018

Operating Framework of Tafakul and Conventional Insurance

Operating Framework of Tafakul and Conventional Insurance . The operational framework of conventional insurance is based on “risk assumption...

Conceptual Framework of Tafakul and Conventional Insurance . Literature on Takaful has considerably grown during the last three decades. Mos...

Takaful Models . There are various models adopted in different Muslim countries, the one model is Mudarabah Model which describes that all p...

Tafakul: The Islamic Insurance is the Islamic alternative to conventional insurance which is based on the idea of social solidarity, cooper...

Marine insurance plays an important role in domestic trade as well as in international trade. Most contracts of sale require that the goods ...

Offer & Acceptance It is a prerequisite to any contract. Similarly the goods under marine (transit) insurance will be insured after the...

A contract of marine insurance is an agreement whereby the insurer undertakes to indemnify the insured, in the manner and to the extent the...