The impact of Takaful reinsurance on the development of the Islamic insurance industry (with reference to methods of reinsurance according to the legal and technical standard)‎

Abstract EN

The Takaful insurance industry is one of the main pillars of the Islamic financial industry, as it is considered a legitimate alternative to traditional commercial insurance, given the insurance coverage provided by Takaful insurance companies to individuals and institutions in accordance with the provisions of Islamic Sharia.

The study concluded that the great development witnessed by insurance and reinsurance companies predicts a promising future in the field of solidarity and cooperation among members of the Muslim community.

With the development of the Takaful insurance industry in the world and its constant endeavor to provide insurance services of various types and to innovate new types of coverage within the Shariah controls and to find Shariah solutions and alternatives to traditional types of insurance, Takaful insurance has become increasingly accepted by insurance dealers, achieving continuous successes.