Takaful and conventional insurance : similarities and differences
Other Title(s)
التكافل و التأمين التقليدي : التشابه و الاختلاف
Author
Ba Hamid, Nadir Mahmud Muhammad
Source
Academya for Research in Social Sciences Review
Issue
Vol. 1, Issue 2 (30 Jun. 2020), pp.519-535, 17 p.
Publisher
Publication Date
2020-06-30
Country of Publication
Algeria
No. of Pages
17
Main Subjects
Topics
Abstract EN
There are many sounds raised why we need Takaful if the treatment of both is same.
So this paper attempt to clarify the concept of Takaful and conventional insurance and their objects.
This paper collects the differences and similarities between them in one paper.
This study undertakes library to search in books and other papers of science.
That is related to Takaful and insurance area.
As a result, the study found there are a big differences between an Islamic insurance (Takaful) and conventional insurance perceives depends on Shari'ah.
Also Takaful depends on donation contract.
Whereas, some conventional insurance companies depend on mutual contract.
At the same time there are some similarities in goals and all of them operate the money of insurance in pooling, but the relationship between insurers and insured was different.
American Psychological Association (APA)
Ba Hamid, Nadir Mahmud Muhammad. 2020. Takaful and conventional insurance : similarities and differences. Academya for Research in Social Sciences Review،Vol. 1, no. 2, pp.519-535.
https://search.emarefa.net/detail/BIM-1334308
Modern Language Association (MLA)
Ba Hamid, Nadir Mahmud Muhammad. Takaful and conventional insurance : similarities and differences. Academya for Research in Social Sciences Review Vol. 1, no. 2 (Jun. 2020), pp.519-535.
https://search.emarefa.net/detail/BIM-1334308
American Medical Association (AMA)
Ba Hamid, Nadir Mahmud Muhammad. Takaful and conventional insurance : similarities and differences. Academya for Research in Social Sciences Review. 2020. Vol. 1, no. 2, pp.519-535.
https://search.emarefa.net/detail/BIM-1334308
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1334308