Shari’ah Issues in The Operation of Retakaful and Reinsurance: A preliminary Exploration From Shari’ah Perspective

This article attempts at exploring various Shari'ah issues related to the practice of takaful, retakaful, insurance and reinsurance and interaction between them in the practice of retakaful. It explores the practice of retakaful and its importance in modern takaful. The paper discusses the ruli...

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Main Author:	Hasan, Aznan
Format:	Article
Language:	English
Published:	International Islamic University Malaysia 2011
Subjects:	KBP Islamic Law
Online Access:	http://irep.iium.edu.my/24726/ http://irep.iium.edu.my/24726/1/retakaful.pdf

id	iium-24726
recordtype	eprints
spelling	iium-247262012-07-15T06:13:10Z http://irep.iium.edu.my/24726/ Shari’ah Issues in The Operation of Retakaful and Reinsurance: A preliminary Exploration From Shari’ah Perspective Hasan, Aznan KBP Islamic Law This article attempts at exploring various Shari'ah issues related to the practice of takaful, retakaful, insurance and reinsurance and interaction between them in the practice of retakaful. It explores the practice of retakaful and its importance in modern takaful. The paper discusses the ruling disallowing takaful companies to cede part of their exposure to reinsurance companies on the premise of hajah and necessity. It also discusses the permissibility of allowing retakaful companies to accept ceding from conventional insurance. Various opinions, fatwa and ruling and other relevant issues have been analysed. It is found that these practices could be accepted from time to time to ensure that the practice really in compliance with this exceptional ruling International Islamic University Malaysia 2011 Article PeerReviewed application/pdf en http://irep.iium.edu.my/24726/1/retakaful.pdf Hasan, Aznan (2011) Shari’ah Issues in The Operation of Retakaful and Reinsurance: A preliminary Exploration From Shari’ah Perspective. IIUM Law Journal, 19 (2). pp. 149-178. ISSN 0128-2530
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	KBP Islamic Law
spellingShingle	KBP Islamic Law Hasan, Aznan Shari’ah Issues in The Operation of Retakaful and Reinsurance: A preliminary Exploration From Shari’ah Perspective
description	This article attempts at exploring various Shari'ah issues related to the practice of takaful, retakaful, insurance and reinsurance and interaction between them in the practice of retakaful. It explores the practice of retakaful and its importance in modern takaful. The paper discusses the ruling disallowing takaful companies to cede part of their exposure to reinsurance companies on the premise of hajah and necessity. It also discusses the permissibility of allowing retakaful companies to accept ceding from conventional insurance. Various opinions, fatwa and ruling and other relevant issues have been analysed. It is found that these practices could be accepted from time to time to ensure that the practice really in compliance with this exceptional ruling
format	Article
author	Hasan, Aznan
author_facet	Hasan, Aznan
author_sort	Hasan, Aznan
title	Shari’ah Issues in The Operation of Retakaful and Reinsurance: A preliminary Exploration From Shari’ah Perspective
title_short	Shari’ah Issues in The Operation of Retakaful and Reinsurance: A preliminary Exploration From Shari’ah Perspective
title_full	Shari’ah Issues in The Operation of Retakaful and Reinsurance: A preliminary Exploration From Shari’ah Perspective
title_fullStr	Shari’ah Issues in The Operation of Retakaful and Reinsurance: A preliminary Exploration From Shari’ah Perspective
title_full_unstemmed	Shari’ah Issues in The Operation of Retakaful and Reinsurance: A preliminary Exploration From Shari’ah Perspective
title_sort	shari’ah issues in the operation of retakaful and reinsurance: a preliminary exploration from shari’ah perspective
publisher	International Islamic University Malaysia
publishDate	2011
url	http://irep.iium.edu.my/24726/ http://irep.iium.edu.my/24726/1/retakaful.pdf
first_indexed	2023-09-18T20:37:00Z
last_indexed	2023-09-18T20:37:00Z
_version_	1777409112792891392

Shari’ah Issues in The Operation of Retakaful and Reinsurance: A preliminary Exploration From Shari’ah Perspective

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