TAKAFUL IS AN INVESTMENT ACTIVITY

Iskandarov Muhammadali; Umarov Alseit

Authors

Iskandarov Muhammadali Graduate student of the International Islamic Academy of Uzbekistan
Umarov Alseit Graduate student of the International Islamic Academy of Uzbekistan

Keywords:

insurance, kafalah, insurance products, takoful, shareholders, takaful operator, vakala, usury, maysir, gharar, takaful fund.

Abstract

In this article, takaful is considered as an alternative to conventional insurance. Takaful is said to be an advantage over conventional insurance and the most alternative risk prevention option for many Muslim countries. An example of this is the vakala model of takaful.

References

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