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What is Islamic Insurance Principles and Takaful about?

This chapter discusses the principles and development of Islamic insurance, known as Takaful, which is designed to comply with Islamic law by promoting mutual assistance and risk-sharing among participants. It provides a historical overview of insurance practices, the evolution of Takaful in Nigeria, and the challenges faced in establishing a robust Islamic insurance market. The chapter also contrasts conventional insurance with Islamic perspectives, highlighting the concerns of scholars regarding usury and

Author

muawiyabello69

Language

EN