Takaful Islamic insurance for life: Appraisal on the relevance of takaful models on financial markets behaviour.

Autor: Frank, Daniel, K., Sudhir Prabhu, G., Vidya Bai, Birau, Ramona, Filip, Robert Dorin, Nioata (Chireac), Roxana-Mihaela, Lupu (Filip), Gabriela Ana Maria
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Zdroj: Revista de Stiinte Politice / Revue des Sciences Politiques; 2024, Issue 81, p145-153, 9p
Abstrakt: The purpose of this study is to identify and describe the relevance of the takaful sector in terms of demographic features and geographical conditions. This study employs a qualitative, descriptive, literature-based approach to explore the significance and growth tactics used in this sector. The method is useful for reviewing specific situations and phenomena by assessing information and data from current literature. The study deliberates the elements that influence the efficiency level of the Takaful sector in terms of the benefits it delivers to investors, as well as the effects of Takaful insurance firms' special factors that make it a superior investment option. The findings testifies Takaful as a thriving insurance industry with enormous potential and a bright future in the global market. Industrial players, Sharia experts, and Takaful insurance businesses should work together to overcome inadequacies and loopholes that hinder the global evolution of this sector. The study supports the growth trajectory and advises Takaful operators to create more creative Takaful products and make them more accessible to consumers. [ABSTRACT FROM AUTHOR]
Databáze: Supplemental Index