Ad2
•Download as DOCX, PDF•
0 likes•151 views
Takaful companies are based on mutual cooperation and free from interest, gambling, and uncertainty. They provide protection to participants from risks by donating contributions to a Takaful fund that helps other participants. Any surplus in the fund is shared only among participants, while deficits are covered through an interest-free loan. Both participants' and shareholders' capital are invested in Sharia-compliant funds.
Report
Share
Report
Share
Recommended
The Treatment of Qard in Takaful (short version) 
The document discusses the treatment of qard (interest-free loans) in Takaful (Islamic insurance). It begins by contrasting conventional and Islamic insurance models. When a Takaful fund experiences a deficit, the Takaful operator can provide an interest-free qard loan to ensure solvency. However, terms of repayment are sometimes unclear. The document then examines regulatory issues around qard, including disclosure requirements and how qard fits within related party frameworks. It concludes by outlining Malaysia's proposed risk-based capital framework for Takaful operators, including capital adequacy ratios and supervisory interventions when capital levels decline.
JP Morgan Prime Brokerage Perspectives 4Q 2013
The document discusses property and casualty reinsurance structures as potential permanent capital solutions for hedge fund managers. It outlines the incentives for both managers and investors, including a perpetual capital source, tax efficiencies, access to broader investor bases, and liquidity. The economics of reinsurance vehicles are then examined, including how they generate revenue from underwriting premiums and investing the float. Several existing publicly-listed alternative reinsurers, such as Greenlight Re and Third Point Re, are overviewed as examples.
The Treatment of Qard in Takaful (long version)
This document discusses the differences between conventional insurance and Islamic (takaful) insurance. It explains that takaful is based on risk-pooling and mutual guarantee between participants, avoiding issues like riba (interest), gharar (uncertainty), and maisir (gambling) that are present in conventional insurance. It describes the key concept of tabarru in takaful, where participants donate contributions to a common fund to mutually insure one another. If the fund faces a deficit, the operator can provide an interest-free loan (qard hassan) to ensure solvency, though the terms of repayment are sometimes unclear.
Legal Issues in Takaful
This document discusses various legal and regulatory issues related to takaful (Islamic insurance). It covers topics like takaful dispute resolution, regulations in countries like Malaysia, the lack of legislation in most countries, guidelines from Bank Negara Malaysia, different takaful management models (mudharabah, wakalah, hybrid), the role of waqf, contractual clauses, nomination clauses and Islamic succession laws, the qard facility, and challenges with the proprietorship structure of most takaful operators. It emphasizes the need for standardized dispute resolution mechanisms and a unified regulatory framework for the growing global takaful industry.
Jubilee Family Takaful
This document discusses various family takaful plans offered by a takaful operator. It provides details on the Secure Sarmaya Takaful Plan, Savings Plus Takaful Plan, Five Pay Takaful Savings Plan, Jiyapo Takaful Plan, and Wafa Education Takaful Plan. Key information includes eligibility requirements, available contribution amounts and terms, benefits like maturity payments and death benefits, and how participant funds are invested and managed in accordance with Shariah principles.
Alhuda CIBE - A Review of Takaful by Prof. Khawaja Ahmed Saeed
Alhuda CIBE - A Review of Takaful by Prof. Khawaja Ahmed SaeedAlhuda Centre of Islamic Banking & Economics
This document provides information about an upcoming two-day specialized training workshop on Takaful (Islamic Insurance) in Lahore, Pakistan. It includes the presentation topic, presenter information, venue details, and an outline of the presentation framework covering the insurance industry in Pakistan, conventional insurance policies, and an introduction to Takaful. The presentation aims to provide an overview of the insurance sector in Pakistan, compare conventional insurance to the Islamic alternative of Takaful, and explain different Takaful products and operations.Aba On Captives[1]
Captive insurance companies allow businesses to insure their own risks. There are tax benefits to using a captive insurance company, including deducting premium payments and not paying tax on investment income up to certain thresholds. For example, a company formed a captive insurance company owned by shareholders to provide employee medical and disability insurance. This allowed a tax deduction for premiums and no tax on the captive's investment income up to $1.2 million in annual premiums. Captive insurance companies can retain profits for businesses and provide coverage otherwise unavailable if structured properly with legal and tax advisors.
Topic v. islamic bonds sukuk
This document discusses Islamic bonds (sukuk). It begins by defining sukuk and explaining their historical origins. Sukuk are asset-backed financial certificates that represent ownership in the underlying assets. The document then discusses how sukuk are structured, focusing on the most common types - mudarabah, musharakah and ijarah sukuk. It explains the standards from AAOIFI and the process for structuring each type of sukuk. The document concludes by discussing ratings of Islamic bonds, differentiating between sovereign and corporate ratings and the methodology used.
Recommended
The Treatment of Qard in Takaful (short version)
The document discusses the treatment of qard (interest-free loans) in Takaful (Islamic insurance). It begins by contrasting conventional and Islamic insurance models. When a Takaful fund experiences a deficit, the Takaful operator can provide an interest-free qard loan to ensure solvency. However, terms of repayment are sometimes unclear. The document then examines regulatory issues around qard, including disclosure requirements and how qard fits within related party frameworks. It concludes by outlining Malaysia's proposed risk-based capital framework for Takaful operators, including capital adequacy ratios and supervisory interventions when capital levels decline.
JP Morgan Prime Brokerage Perspectives 4Q 2013
The document discusses property and casualty reinsurance structures as potential permanent capital solutions for hedge fund managers. It outlines the incentives for both managers and investors, including a perpetual capital source, tax efficiencies, access to broader investor bases, and liquidity. The economics of reinsurance vehicles are then examined, including how they generate revenue from underwriting premiums and investing the float. Several existing publicly-listed alternative reinsurers, such as Greenlight Re and Third Point Re, are overviewed as examples.
The Treatment of Qard in Takaful (long version)
This document discusses the differences between conventional insurance and Islamic (takaful) insurance. It explains that takaful is based on risk-pooling and mutual guarantee between participants, avoiding issues like riba (interest), gharar (uncertainty), and maisir (gambling) that are present in conventional insurance. It describes the key concept of tabarru in takaful, where participants donate contributions to a common fund to mutually insure one another. If the fund faces a deficit, the operator can provide an interest-free loan (qard hassan) to ensure solvency, though the terms of repayment are sometimes unclear.
Legal Issues in Takaful
This document discusses various legal and regulatory issues related to takaful (Islamic insurance). It covers topics like takaful dispute resolution, regulations in countries like Malaysia, the lack of legislation in most countries, guidelines from Bank Negara Malaysia, different takaful management models (mudharabah, wakalah, hybrid), the role of waqf, contractual clauses, nomination clauses and Islamic succession laws, the qard facility, and challenges with the proprietorship structure of most takaful operators. It emphasizes the need for standardized dispute resolution mechanisms and a unified regulatory framework for the growing global takaful industry.
Jubilee Family Takaful
This document discusses various family takaful plans offered by a takaful operator. It provides details on the Secure Sarmaya Takaful Plan, Savings Plus Takaful Plan, Five Pay Takaful Savings Plan, Jiyapo Takaful Plan, and Wafa Education Takaful Plan. Key information includes eligibility requirements, available contribution amounts and terms, benefits like maturity payments and death benefits, and how participant funds are invested and managed in accordance with Shariah principles.
Alhuda CIBE - A Review of Takaful by Prof. Khawaja Ahmed Saeed
Alhuda CIBE - A Review of Takaful by Prof. Khawaja Ahmed SaeedAlhuda Centre of Islamic Banking & Economics
This document provides information about an upcoming two-day specialized training workshop on Takaful (Islamic Insurance) in Lahore, Pakistan. It includes the presentation topic, presenter information, venue details, and an outline of the presentation framework covering the insurance industry in Pakistan, conventional insurance policies, and an introduction to Takaful. The presentation aims to provide an overview of the insurance sector in Pakistan, compare conventional insurance to the Islamic alternative of Takaful, and explain different Takaful products and operations.Aba On Captives[1]
Captive insurance companies allow businesses to insure their own risks. There are tax benefits to using a captive insurance company, including deducting premium payments and not paying tax on investment income up to certain thresholds. For example, a company formed a captive insurance company owned by shareholders to provide employee medical and disability insurance. This allowed a tax deduction for premiums and no tax on the captive's investment income up to $1.2 million in annual premiums. Captive insurance companies can retain profits for businesses and provide coverage otherwise unavailable if structured properly with legal and tax advisors.
Topic v. islamic bonds sukuk
This document discusses Islamic bonds (sukuk). It begins by defining sukuk and explaining their historical origins. Sukuk are asset-backed financial certificates that represent ownership in the underlying assets. The document then discusses how sukuk are structured, focusing on the most common types - mudarabah, musharakah and ijarah sukuk. It explains the standards from AAOIFI and the process for structuring each type of sukuk. The document concludes by discussing ratings of Islamic bonds, differentiating between sovereign and corporate ratings and the methodology used.
Re takaful - A Reality Check
Re-Takaful provides risk sharing mechanisms for Takaful operators to limit liability on specific risks and increase capacity. It operates similarly to conventional reinsurance but without interest or excessive uncertainty, instead relying on actual expenses and risk sharing. Re-Takaful helps stabilize Takaful business by limiting losses that could overwhelm operators. However, the industry faces challenges in capacity, ratings, expertise, and standardization that must be addressed to effectively compete.
Topic vii. islamic investment funds
This document discusses Islamic investment funds and the principles of Shariah that govern them. There are several types of funds described, including equity funds, Ijarah funds, commodity funds, and Murabahah funds. The document also addresses conditions for investing in shares according to Shariah like ensuring the main business of the company is halal. It discusses debates around concepts like limited liability and whether they are acceptable in an Islamic economic system. Examples are provided of how Islamic legal scholars have treated entities like waqf, Baitul-Mal, and inheritance under debt as having separate legal identities.
AlHuda CIBE- presentation on Islamic Banking & Takaful by Captain Jamil
AlHuda CIBE- presentation on Islamic Banking & Takaful by Captain Jamil Alhuda Centre of Islamic Banking & Economics
Takaful plays an important role in Islamic finance by providing protection against risks through mutual cooperation and solidarity. Takaful has evolved from early Islamic principles and existed throughout history in various forms. Today there are over 180 Takaful companies globally, with the market expected to grow significantly. Takaful helps address the low insurance penetration in many Muslim-majority countries and provides alternatives for both Muslims and non-Muslims. BancaTakaful allows banks to offer integrated financial and insurance services, hedging risks in Islamic finance transactions through specialized Takaful products. The Universal Insurance Company is well-positioned to expand its Takaful offerings in Pakistan and provide innovative Shariah-compliant micro-insurance.Takaful
Takaful is an Islamic insurance model where participants contribute to a mutual fund to compensate contributors in case of loss according to agreed ratios. It uses Islamic profit-sharing models like Mudarba and Wakala and ensures operations comply with Sharia law by avoiding excessive uncertainty and gambling. Takaful provides financial security and helps fulfill religious duties of mutual support and protection of orphans and dependents. It faces challenges from conventional practices but these can be addressed through qualified Islamic staff and reinsurance, and fatwas from trusted scholars.
Hedge Funds: 101
Hedge funds are investment funds that can undertake a wide range of investment and trading activities. They are open to high net worth individuals and institutions. Hedge funds have more flexibility than mutual funds in their ability to short sell, use leverage, and invest in broader parameters. They are structured as limited partnerships, offshore corporations, or master-feeder funds. Hedge funds typically charge management fees of 1-2% of assets and incentive fees of 20% of profits.
Chapter 7 Sukuk and Securitisation
This document discusses Islamic investment concepts related to securitization and sukuk. It begins by defining securitization as issuing certificates of ownership against an asset or investment pool. It then discusses various types of conventional bonds and introduces the concept of sukuk, which are defined as Sharia-compliant certificates representing ownership in an underlying asset. The document outlines various Shariah-compliant structures for sukuk based on contracts like ijarah, murabahah, and musharakah. It also compares key differences between conventional bonds and sukuk. Overall, the document provides an overview of securitization and various Islamic finance instruments like sukuk from a Shariah perspective.
Takaful and Re-Takaful Explained
Takaful is an Islamic alternative to conventional insurance that is based on mutual assistance and cooperation between participants. It involves participants contributing to a common pool and receiving compensation from that pool in the event of a valid claim. Takaful aims to avoid elements of uncertainty (gharar) and gambling (maisir) that are prohibited in Islamic finance by structuring the arrangement as a cooperative donation (tabarru) scheme rather than a commercial insurance contract involving the exchange of risk for premium. General takaful provides short-term coverage for risks like motor, health, fire and marine insurance through participants' contributions to the general takaful fund.
Term Sheet Negotiations
The Venture Capital Financing Process: Term Sheet Negotiation. Presentation for entrepreneurs on the legal process of term sheet negotiation with Venture Capitalists.
Alhuda CIBE - Takaful an Emerging Market by Capt. M. Jamil Akhtar
Alhuda CIBE - Takaful an Emerging Market by Capt. M. Jamil AkhtarAlhuda Centre of Islamic Banking & Economics
This document provides an overview of Takaful (Islamic insurance) presented by Capt. M. Jamil Akhtar Khan at a 2-day workshop in August 2007. It begins with an introduction to Takaful, explaining its meaning and basis in Islamic principles. It then outlines objections to conventional insurance due to elements of uncertainty, gambling and interest. The presentation compares Takaful and conventional insurance, highlighting their different structures and principles. It provides a brief history of Takaful and describes some common Takaful models. The document gives context and background information on Takaful as an emerging Islamic alternative to conventional insurance.Understanding Term Sheet
A term sheet is a non-binding document that outlines the basic terms of a proposed investment in a company, including valuation, investment amount, ownership stakes, rights, and other key issues. It serves as a template for a binding legal agreement and helps ensure both parties understand the deal terms before incurring legal costs. The term sheet specifies important clauses such as liquidation preference, which dictates how funds are distributed in an exit event, as well as anti-dilution protection, drag along rights, and option pools that allocate ownership stakes to employees.
Distressed Debt Investing: Resources to Help Investors Better Understand The...
"Distressed Debt Investing: Resources to Help Investors Better Understand Their Investment Options in this Asset Class" is aimed at helping investors better understand their investment options in the distressed debt space. The presentation gives an overview of distressed debt investment and the role these investors play in the bankruptcy process by creating liquidity in the credit markets, lowering the cost of lending, and helping companies that may be close to bankruptcy or in bankruptcy with additional capital.
hedge fund
This document provides an overview of hedge funds, including their history, structure, strategies, regulations and fees. It discusses how hedge funds were pioneered in 1949 and aim to generate absolute returns through a variety of investment techniques. The document outlines the key features of hedge fund regulations in India, including the different categories of funds, registration requirements, investment conditions and disclosure obligations. It also explains common hedge fund strategies like arbitrage, short selling, and event driven investments.
Establishment of Islamic Funds
- Islamic funds follow religious laws laid down by the Holy Quran and invest in sharia-compliant areas like equity, real estate, commodities, and other assets and businesses.
- Meezan Bank is Pakistan's largest Islamic bank and offers various Islamic banking products and funds that are in compliance with sharia law, including the flagship Meezan Islamic Fund.
- The size of the global Islamic finance industry, including investment funds, is expected to significantly grow in the next decade as more institutions establish sharia-compliant funds and operations.
Equity Investment Risk
This document discusses risk management in Islamic finance, specifically equity investment risk. It defines equity investment risk according to the Islamic Financial Service Board as the risk of participating in a business partnership where the provider of finance shares in business risks. Equity investments in Islamic finance are typically done through mudarabah and musharakah contracts which are profit/loss sharing in nature and can result in total loss of capital. The document outlines some of the key risks of equity investment including partner risk, lack of reliable partner information, credit risk, industry risk, and risks specific to mudarabah and musharakah contracts. It concludes by suggesting some ways to mitigate equity investment risk such as diversification, long-term investing, expert advice,
Alhuda CIBE - Issues and Challenges in Retakaful by Azman Ismail
Alhuda CIBE - Issues and Challenges in Retakaful by Azman IsmailAlhuda Centre of Islamic Banking & Economics
1. The document discusses issues and challenges in retakaful, including a lack of technical and shariah competence among practitioners, weaker financial strength compared to conventional reinsurance, and a need for common standards, research, and cooperation.
2. It notes that while conventional insurance has developed over 500 years, takaful is less than 50 years old, resulting in less experience and expertise among takaful operators. Both technical insurance skills and shariah knowledge are lacking.
3. Setting the optimal retakaful retention limits is challenging due to various factors like contribution income, loss experience, retakaful costs, rates and loadings, financial strength, and management philosophy. The document provides rules of thumb andHedge funds
This document provides an overview of hedge funds including:
1. Key characteristics such as utilizing various financial instruments to reduce risk and enhance returns while catering to sophisticated investors.
2. Facts about the large and growing hedge fund industry, currently estimated at $1 trillion and growing 20% annually with over 8,000 funds.
3. The growth of hedge funds from the 1990s to present, with assets under management increasing fourfold and expected to triple over the next decade due to increasing allocations from public funds, endowments, and corporations seeking higher returns.
Takaful by muhammad zubair mughal
Takaful is an Islamic alternative to conventional insurance that is based on mutual assistance and contribution to a common fund. It operates using models of tabarru (voluntary contribution), mudaraba (profit-sharing), and wakala (agency). Some key differences from conventional insurance are that takaful eliminates elements of gharar (uncertainty), maisir (gambling), and riba (interest) and distributes any surplus to participants. It has grown in popularity due to its compliance with Sharia and has over 180 operators worldwide, though it faces ongoing challenges to further expansion.
Shariah Non-Compliance Risk
This document discusses Shariah non-compliance risk in Islamic finance. It begins by defining Shariah non-compliance risk as the risk arising from a failure of Islamic banks to comply with Shariah rules and principles as determined by their Shariah boards. This can result in contracts being cancelled and income not being recognized. The document then outlines various measures that can be taken to manage this risk, such as ensuring contracts are structured to fulfill the pillars of a valid Islamic contract. Several examples of potential Shariah non-compliance in contracts like tawarruq, mudharabah and istisna' are also provided.
Asset Mgmt Private Equity & Hedge Funds
Need to know more about private equity and hedge funds? Then you have come to the right place with this quick overview presentation. This is based on my book: "Figuring Out Wall Street". A part of a continuing series of on the financial services industry. We provide training, custom developed to your needs. Contact us to discuss your needs and get a quote.
Topic vi. islamic insurance takaful (7 files merged)
This document provides an overview of Islamic insurance (takaful) and its basic concepts. It discusses the key features of takaful including cooperative risk sharing, clear financial segregation, and Shariah-compliant policies and strategies. The major differences between takaful and conventional insurance are explained relating to the parties to the contract, payment of premiums, and investment of insurance funds. Various takaful models are outlined including mudarabah, wakalah, hybrid, and waqf models. Finally, the document describes the main takaful products of general and family takaful and discusses underwriting surplus, technical provisions, and how to address deficits in participants' risk funds.
Topic vi. islamic insurance takaful
Takaful is an Islamic alternative to conventional insurance based on mutual assistance and contribution to a common fund. There are various models of takaful including mudarabah, wakalah, and hybrid models. Main products include general takaful for assets and family takaful for life events. Any surplus from contributions after claims and expenses are distributed according to Shariah principles or used to cover deficits according to predetermined options.
Chap 9 -_introduction_to_takaful
Takaful is an Islamic insurance concept based on mutual assistance and cooperation. It involves participants contributing to a common fund, which is used to pay compensation to any participant who suffers losses according to the terms of the Takaful agreement. There are different models for structuring Takaful, such as the Tabarru' model where contributions are seen as donations, or the Mudharabah model where profits from investing contributions are shared. Takaful aims to be free from elements like uncertainty and gambling that are prohibited in Islam. It is overseen by a Sharia Supervisory Council to ensure compliance.
More Related Content
What's hot
Re takaful - A Reality Check
Re-Takaful provides risk sharing mechanisms for Takaful operators to limit liability on specific risks and increase capacity. It operates similarly to conventional reinsurance but without interest or excessive uncertainty, instead relying on actual expenses and risk sharing. Re-Takaful helps stabilize Takaful business by limiting losses that could overwhelm operators. However, the industry faces challenges in capacity, ratings, expertise, and standardization that must be addressed to effectively compete.
Topic vii. islamic investment funds
This document discusses Islamic investment funds and the principles of Shariah that govern them. There are several types of funds described, including equity funds, Ijarah funds, commodity funds, and Murabahah funds. The document also addresses conditions for investing in shares according to Shariah like ensuring the main business of the company is halal. It discusses debates around concepts like limited liability and whether they are acceptable in an Islamic economic system. Examples are provided of how Islamic legal scholars have treated entities like waqf, Baitul-Mal, and inheritance under debt as having separate legal identities.
AlHuda CIBE- presentation on Islamic Banking & Takaful by Captain Jamil
AlHuda CIBE- presentation on Islamic Banking & Takaful by Captain Jamil Alhuda Centre of Islamic Banking & Economics
Takaful plays an important role in Islamic finance by providing protection against risks through mutual cooperation and solidarity. Takaful has evolved from early Islamic principles and existed throughout history in various forms. Today there are over 180 Takaful companies globally, with the market expected to grow significantly. Takaful helps address the low insurance penetration in many Muslim-majority countries and provides alternatives for both Muslims and non-Muslims. BancaTakaful allows banks to offer integrated financial and insurance services, hedging risks in Islamic finance transactions through specialized Takaful products. The Universal Insurance Company is well-positioned to expand its Takaful offerings in Pakistan and provide innovative Shariah-compliant micro-insurance.Takaful
Takaful is an Islamic insurance model where participants contribute to a mutual fund to compensate contributors in case of loss according to agreed ratios. It uses Islamic profit-sharing models like Mudarba and Wakala and ensures operations comply with Sharia law by avoiding excessive uncertainty and gambling. Takaful provides financial security and helps fulfill religious duties of mutual support and protection of orphans and dependents. It faces challenges from conventional practices but these can be addressed through qualified Islamic staff and reinsurance, and fatwas from trusted scholars.
Hedge Funds: 101
Hedge funds are investment funds that can undertake a wide range of investment and trading activities. They are open to high net worth individuals and institutions. Hedge funds have more flexibility than mutual funds in their ability to short sell, use leverage, and invest in broader parameters. They are structured as limited partnerships, offshore corporations, or master-feeder funds. Hedge funds typically charge management fees of 1-2% of assets and incentive fees of 20% of profits.
Chapter 7 Sukuk and Securitisation
This document discusses Islamic investment concepts related to securitization and sukuk. It begins by defining securitization as issuing certificates of ownership against an asset or investment pool. It then discusses various types of conventional bonds and introduces the concept of sukuk, which are defined as Sharia-compliant certificates representing ownership in an underlying asset. The document outlines various Shariah-compliant structures for sukuk based on contracts like ijarah, murabahah, and musharakah. It also compares key differences between conventional bonds and sukuk. Overall, the document provides an overview of securitization and various Islamic finance instruments like sukuk from a Shariah perspective.
Takaful and Re-Takaful Explained
Takaful is an Islamic alternative to conventional insurance that is based on mutual assistance and cooperation between participants. It involves participants contributing to a common pool and receiving compensation from that pool in the event of a valid claim. Takaful aims to avoid elements of uncertainty (gharar) and gambling (maisir) that are prohibited in Islamic finance by structuring the arrangement as a cooperative donation (tabarru) scheme rather than a commercial insurance contract involving the exchange of risk for premium. General takaful provides short-term coverage for risks like motor, health, fire and marine insurance through participants' contributions to the general takaful fund.
Term Sheet Negotiations
The Venture Capital Financing Process: Term Sheet Negotiation. Presentation for entrepreneurs on the legal process of term sheet negotiation with Venture Capitalists.
Alhuda CIBE - Takaful an Emerging Market by Capt. M. Jamil Akhtar
Alhuda CIBE - Takaful an Emerging Market by Capt. M. Jamil AkhtarAlhuda Centre of Islamic Banking & Economics
This document provides an overview of Takaful (Islamic insurance) presented by Capt. M. Jamil Akhtar Khan at a 2-day workshop in August 2007. It begins with an introduction to Takaful, explaining its meaning and basis in Islamic principles. It then outlines objections to conventional insurance due to elements of uncertainty, gambling and interest. The presentation compares Takaful and conventional insurance, highlighting their different structures and principles. It provides a brief history of Takaful and describes some common Takaful models. The document gives context and background information on Takaful as an emerging Islamic alternative to conventional insurance.Understanding Term Sheet
A term sheet is a non-binding document that outlines the basic terms of a proposed investment in a company, including valuation, investment amount, ownership stakes, rights, and other key issues. It serves as a template for a binding legal agreement and helps ensure both parties understand the deal terms before incurring legal costs. The term sheet specifies important clauses such as liquidation preference, which dictates how funds are distributed in an exit event, as well as anti-dilution protection, drag along rights, and option pools that allocate ownership stakes to employees.
Distressed Debt Investing: Resources to Help Investors Better Understand The...
"Distressed Debt Investing: Resources to Help Investors Better Understand Their Investment Options in this Asset Class" is aimed at helping investors better understand their investment options in the distressed debt space. The presentation gives an overview of distressed debt investment and the role these investors play in the bankruptcy process by creating liquidity in the credit markets, lowering the cost of lending, and helping companies that may be close to bankruptcy or in bankruptcy with additional capital.
hedge fund
This document provides an overview of hedge funds, including their history, structure, strategies, regulations and fees. It discusses how hedge funds were pioneered in 1949 and aim to generate absolute returns through a variety of investment techniques. The document outlines the key features of hedge fund regulations in India, including the different categories of funds, registration requirements, investment conditions and disclosure obligations. It also explains common hedge fund strategies like arbitrage, short selling, and event driven investments.
Establishment of Islamic Funds
- Islamic funds follow religious laws laid down by the Holy Quran and invest in sharia-compliant areas like equity, real estate, commodities, and other assets and businesses.
- Meezan Bank is Pakistan's largest Islamic bank and offers various Islamic banking products and funds that are in compliance with sharia law, including the flagship Meezan Islamic Fund.
- The size of the global Islamic finance industry, including investment funds, is expected to significantly grow in the next decade as more institutions establish sharia-compliant funds and operations.
Equity Investment Risk
This document discusses risk management in Islamic finance, specifically equity investment risk. It defines equity investment risk according to the Islamic Financial Service Board as the risk of participating in a business partnership where the provider of finance shares in business risks. Equity investments in Islamic finance are typically done through mudarabah and musharakah contracts which are profit/loss sharing in nature and can result in total loss of capital. The document outlines some of the key risks of equity investment including partner risk, lack of reliable partner information, credit risk, industry risk, and risks specific to mudarabah and musharakah contracts. It concludes by suggesting some ways to mitigate equity investment risk such as diversification, long-term investing, expert advice,
Alhuda CIBE - Issues and Challenges in Retakaful by Azman Ismail
Alhuda CIBE - Issues and Challenges in Retakaful by Azman IsmailAlhuda Centre of Islamic Banking & Economics
1. The document discusses issues and challenges in retakaful, including a lack of technical and shariah competence among practitioners, weaker financial strength compared to conventional reinsurance, and a need for common standards, research, and cooperation.
2. It notes that while conventional insurance has developed over 500 years, takaful is less than 50 years old, resulting in less experience and expertise among takaful operators. Both technical insurance skills and shariah knowledge are lacking.
3. Setting the optimal retakaful retention limits is challenging due to various factors like contribution income, loss experience, retakaful costs, rates and loadings, financial strength, and management philosophy. The document provides rules of thumb andHedge funds
This document provides an overview of hedge funds including:
1. Key characteristics such as utilizing various financial instruments to reduce risk and enhance returns while catering to sophisticated investors.
2. Facts about the large and growing hedge fund industry, currently estimated at $1 trillion and growing 20% annually with over 8,000 funds.
3. The growth of hedge funds from the 1990s to present, with assets under management increasing fourfold and expected to triple over the next decade due to increasing allocations from public funds, endowments, and corporations seeking higher returns.
Takaful by muhammad zubair mughal
Takaful is an Islamic alternative to conventional insurance that is based on mutual assistance and contribution to a common fund. It operates using models of tabarru (voluntary contribution), mudaraba (profit-sharing), and wakala (agency). Some key differences from conventional insurance are that takaful eliminates elements of gharar (uncertainty), maisir (gambling), and riba (interest) and distributes any surplus to participants. It has grown in popularity due to its compliance with Sharia and has over 180 operators worldwide, though it faces ongoing challenges to further expansion.
Shariah Non-Compliance Risk
This document discusses Shariah non-compliance risk in Islamic finance. It begins by defining Shariah non-compliance risk as the risk arising from a failure of Islamic banks to comply with Shariah rules and principles as determined by their Shariah boards. This can result in contracts being cancelled and income not being recognized. The document then outlines various measures that can be taken to manage this risk, such as ensuring contracts are structured to fulfill the pillars of a valid Islamic contract. Several examples of potential Shariah non-compliance in contracts like tawarruq, mudharabah and istisna' are also provided.
Asset Mgmt Private Equity & Hedge Funds
Need to know more about private equity and hedge funds? Then you have come to the right place with this quick overview presentation. This is based on my book: "Figuring Out Wall Street". A part of a continuing series of on the financial services industry. We provide training, custom developed to your needs. Contact us to discuss your needs and get a quote.
What's hot (19)
AlHuda CIBE- presentation on Islamic Banking & Takaful by Captain Jamil
AlHuda CIBE- presentation on Islamic Banking & Takaful by Captain Jamil
Alhuda CIBE - Takaful an Emerging Market by Capt. M. Jamil Akhtar
Alhuda CIBE - Takaful an Emerging Market by Capt. M. Jamil Akhtar
Distressed Debt Investing: Resources to Help Investors Better Understand The...
Distressed Debt Investing: Resources to Help Investors Better Understand The...
Alhuda CIBE - Issues and Challenges in Retakaful by Azman Ismail
Alhuda CIBE - Issues and Challenges in Retakaful by Azman Ismail
Similar to Ad2
Topic vi. islamic insurance takaful (7 files merged)
This document provides an overview of Islamic insurance (takaful) and its basic concepts. It discusses the key features of takaful including cooperative risk sharing, clear financial segregation, and Shariah-compliant policies and strategies. The major differences between takaful and conventional insurance are explained relating to the parties to the contract, payment of premiums, and investment of insurance funds. Various takaful models are outlined including mudarabah, wakalah, hybrid, and waqf models. Finally, the document describes the main takaful products of general and family takaful and discusses underwriting surplus, technical provisions, and how to address deficits in participants' risk funds.
Topic vi. islamic insurance takaful
Takaful is an Islamic alternative to conventional insurance based on mutual assistance and contribution to a common fund. There are various models of takaful including mudarabah, wakalah, and hybrid models. Main products include general takaful for assets and family takaful for life events. Any surplus from contributions after claims and expenses are distributed according to Shariah principles or used to cover deficits according to predetermined options.
Chap 9 -_introduction_to_takaful
Takaful is an Islamic insurance concept based on mutual assistance and cooperation. It involves participants contributing to a common fund, which is used to pay compensation to any participant who suffers losses according to the terms of the Takaful agreement. There are different models for structuring Takaful, such as the Tabarru' model where contributions are seen as donations, or the Mudharabah model where profits from investing contributions are shared. Takaful aims to be free from elements like uncertainty and gambling that are prohibited in Islam. It is overseen by a Sharia Supervisory Council to ensure compliance.
Insurance vs Takaful
Takaful is an Islamic insurance system based on mutual assistance and donation. It involves participants voluntarily contributing to a collective fund to guarantee each other against losses. If a participant suffers a loss, they receive money from the fund to help cover costs. Any surplus contributions are shared among participants according to a Mudarabah agreement. Takaful aims to help those in need without involving interest, gambling or other prohibited elements unlike conventional insurance.
takaful
The document provides an overview of the fundamentals of Takaful, which is an Islamic insurance system based on mutual cooperation and donation. It discusses the key principles of Takaful, including tabarru' (donation), ta'awun (mutual cooperation), and mudharabah (profit-sharing). The three elements typically found in conventional insurance that are not compliant with Islamic law - gharar (uncertainty), maisir (gambling) and riba (interest) - are also examined. The document then outlines the basic Takaful operating models used in practice and the legal/regulatory framework governing the Takaful industry in Malaysia.
Takaful industry in Pakistan,GCC & Malaysia: Growth Challenges & future Prosp...
This document provides an introduction and overview of Takaful (Islamic insurance). It discusses:
1) The background and need for an Islamic alternative to conventional insurance due to issues like gharar (uncertainty) and riba (interest).
2) The key principles of Takaful including tabarru (voluntary donation or contribution) and ta'awun (mutual assistance).
3) The types of Takaful products and some ongoing Shariah issues regarding concepts like nomination, distribution of surplus, and tabarru.
Takaful industry in Pakistan,GCC & Malaysia: Growth Challenges & future Prosp...
This document provides an introduction and overview of Takaful (Islamic insurance). It discusses:
1) The background and need for an Islamic alternative to conventional insurance due to issues like gharar (uncertainty) and riba (interest).
2) The key principles of Takaful including tabarru (voluntary donation or contribution) and ta'awun (mutual assistance).
3) The types of Takaful products and some ongoing Shariah issues regarding concepts like nomination, surplus distribution, and tabarru that the industry continues working to address.
TAKAFUL (ISLAMIC INSURANCE) vs CONVENTIONAL INSURANCE
Takaful is an Islamic insurance alternative that is based on principles of mutual cooperation and responsibility. It provides a way for Muslims to protect against risks in accordance with Sharia law. Takaful operates through pools funded by contributions from policyholders. Any surpluses are distributed among members, while deficits are covered by a special reserve without interest. Takaful structures use agency or partnership contracts to manage funds and ensure operations comply with Islamic laws and avoid interest, gambling, and uncertainty.
Modaraba association of pakistan - june 3, 2008
This presentation provides an overview of Takaful (Islamic insurance):
1) Takaful is an alternative to conventional insurance that is based on mutual assistance and joint guarantee between participants. It follows Shariah principles by avoiding elements of uncertainty, gambling and interest.
2) There are different Takaful models including Mudaraba and Wakala that structure the risk-sharing arrangement and distribution of surplus between participants and the Takaful operator.
3) Takaful Pakistan Limited is a new Takaful company that aims to set benchmarks for client service, operations and prudent underwriting in the growing Pakistani Takaful market.
Modaraba association of pakistan - june 3, 2008
This presentation provides an overview of Takaful (Islamic insurance):
1) Takaful is based on mutual protection and joint guarantee, with participants contributing to a common fund to provide indemnity in case of loss. It avoids elements of uncertainty, gambling and interest that are objections to conventional insurance.
2) There are various Takaful models including Mudaraba and Wakala that structure the operations and distribution of surplus differently but are based on cooperation instead of profit-maximization.
3) Takaful Pakistan Limited is a new company that offers both general and family Takaful products in Pakistan, which has strong potential for Takaful given its predominantly Muslim population.
What is takaful by jamil akhtar
The document provides an overview of Takaful (Islamic insurance) including:
1. Takaful is based on mutual protection and joint guarantee, with participants contributing to a common fund to provide indemnity in case of loss.
2. There are different Takaful models including Mudaraba and Wakala that structure the risk-sharing and distribution of surpluses.
3. Takaful has grown significantly in recent decades and now operates in over 40 countries, providing an alternative to conventional insurance that is in line with Sharia principles.
Islamic Finance.pptx
1. Takaful, or Islamic insurance, originated from early Islamic community practices of pooling resources to help cover financial losses. It operates based on Sharia principles of welfare, shared responsibility, and cooperation.
2. There are three main models of takaful contracts: wakalah, mudarabah, and a hybrid model. Wakalah uses an agency fee structure while mudarabah is a profit-sharing model between participants and managers.
3. Key differences between takaful and conventional insurance include that takaful participants are both the insurer and insured through risk-sharing, and investments must be Sharia-compliant rather than allowing interest.
Tkaful PPt, Islamic Finance.pptx
Takaful is an Islamic insurance system where individuals contribute money into a pooled fund to guarantee each other against loss and damage. It is based on the Islamic principles of mutual responsibility and solidarity where people cooperate to protect one another. There are two main types: general takaful which provides short-term coverage for risks like property and motor insurance, and family takaful which offers long-term savings and protection benefits. Takaful operations use models like wakala, mudaraba, or a hybrid to structure the relationships between participants and operators. At the end of the coverage period, any surplus from the pooled funds is distributed back to participants and operators according to a pre-agreed ratio.
Insurance Vs Islamic Insurance(takaful)
The document compares and contrasts insurance and takaful. It provides details on:
1) Insurance is a contract where one party agrees to take on the risk of another in exchange for premium payments. The risk bearer is the insurer and the party whose risk is covered is the insured.
2) Takaful is an Islamic insurance system based on mutual assistance and donation, where risks are shared collectively. It follows the principles of tabarru (donation) and ta'awun (mutual guarantee).
3) There are several takaful models including mudarabah, wakalah, and waqf models. The waqf model establishes a waqf fund through shareholder contributions to compensate
Al huda presentation on takaful
The document provides an overview of Takaful (Islamic insurance), including its definition, differences from conventional insurance, various Takaful models and types, the history and development of Takaful in Pakistan, and prospects for growth in Pakistan. It also introduces Takaful Pakistan Limited, a new Takaful company established in Pakistan as a joint venture between local and international institutions.
whatisconventionalinsurance-180226064730.pptx
1. Takaful is an Islamic insurance model based on mutual assistance and solidarity where participants contribute funds to help others in times of need, as opposed to conventional insurance which is based on a commercial transaction.
2. Conventional insurance involves elements prohibited in Islam like maisir (gambling) and gharar (uncertainty), and may invest funds in interest-bearing assets. Takaful aims to be free from these elements and can only invest in Sharia-compliant assets and businesses.
3. The key differences are that in Takaful, benefits are paid from participants' funds, profits are shared among participants, and the model operates according to Sharia principles of avoiding riba and promoting risk-
islamic-insurancedlc.ppt
Takaful is an Islamic alternative to conventional insurance that is based on mutual cooperation and responsibility among participants. It avoids elements like interest, gambling and uncertainty that are prohibited in Islamic finance. There are different business models for Takaful including Mudarabah, Wakalah and Waqf. While Takaful has grown significantly in recent decades, it still only accounts for a small portion of the potential market among the world's Muslim population. The Takaful industry faces challenges in standardizing business practices but also has opportunities for continued strong growth in both existing and new markets.
Functions and Organisations of Insurance
Functions and Organisations of InsuranceWe Learn - A Continuous Learning Forum from Welingkar's Distance Learning Program.
In this presentation we will deal with Insurance organizations, their operational structure, insurer’s function and key business terms used in this sector.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
Presentation Topic Takaful and Conventional insurance
What different between Islamic Insurance and Conventional Insurance
History, Implementation and theoretical Frame Work of Takaful
Takaful Islamic Insurance IF for Lawyers
Takaful, or Islamic insurance, is a cooperative scheme where participants pay contributions into a common risk pool. It is based on the principles of mutual assistance and donation rather than risk transfer. Takaful aims to avoid issues like riba (interest), gharar (uncertainty), and maisir (gambling) that are prohibited in Islam. General takaful contracts involve participants making donations to cover fellow participants' losses. The takaful operator manages the fund and provides assistance if it becomes insolvent. Takaful differs from conventional insurance by being based on cooperation instead of commercial exchange and by investing contributions in sharia-compliant ways.
Similar to Ad2 (20)
Topic vi. islamic insurance takaful (7 files merged)
Topic vi. islamic insurance takaful (7 files merged)
Takaful industry in Pakistan,GCC & Malaysia: Growth Challenges & future Prosp...
Takaful industry in Pakistan,GCC & Malaysia: Growth Challenges & future Prosp...
Takaful industry in Pakistan,GCC & Malaysia: Growth Challenges & future Prosp...
Takaful industry in Pakistan,GCC & Malaysia: Growth Challenges & future Prosp...
TAKAFUL (ISLAMIC INSURANCE) vs CONVENTIONAL INSURANCE
TAKAFUL (ISLAMIC INSURANCE) vs CONVENTIONAL INSURANCE
Presentation Topic Takaful and Conventional insurance
Presentation Topic Takaful and Conventional insurance
More from Rasick Abdul
Fm course outline,2011 13
This document provides information on the course "Financial Management" taught from 2011-2013. It includes the following key details:
1) The course is taught by instructors S. Panboli and N. Anuradha and covers topics related to financial investment decisions, financing decisions, leverages, and liquidity decisions.
2) Students will be evaluated based on assessments tests, assignments, presentations, spot tests, and an end term exam.
3) Recommended textbooks include titles on financial management principles and practices.
4) The course outline lists the topics to be covered in each session, including capital budgeting methods, cost of capital, financial leverages, and working capital management.
Icici
The document summarizes a research article about mergers and acquisitions in the Indian banking industry, specifically focusing on ICICI Bank Ltd. It discusses ICICI Bank's acquisition of nine other financial firms to facilitate its growth. The article is divided into four parts: 1) an introduction to mergers and acquisitions, 2) ICICI Bank's historical background and acquisitions, 3) a detailed discussion of each acquisition, and 4) a conclusion on the importance of strategic planning for mergers. A literature review examines factors important for managing mergers effectively such as communication, corporate culture, stress, and human resource issues.
Ad2
Takaful companies are based on mutual cooperation and free from interest, gambling, and uncertainty. They provide protection to participants from risks by donating contributions to a Takaful fund that helps other participants. Any surplus in the fund is shared only among participants, while deficits are covered through an interest-free loan. Both participants' and shareholders' capital are invested in Sharia-compliant funds.
Early years of andre geim
Andre Geim was born in 1958 in Russia to Russian German engineers. He studied at the Moscow Institute of Physics and Technology, receiving his PhD in metal physics in 1987. After positions in Russia and Europe, he became a professor at the University of Manchester in 2001. In 2004, while at Manchester, Geim discovered graphene through isolating single layers of carbon atoms from graphite. This groundbreaking discovery earned him and collaborator Konstantin Novoselov the 2010 Nobel Prize in Physics.
Advertisment for criuze 12
The document discusses sponsorship opportunities for an upcoming college event being held on December 19, 2012 at Crescent Business School in Chennai. It lists over 30 colleges that will be invited and details several sponsorship packages that are available, including displaying sponsor logos and advertisements. Current sponsors from the previous year's event are provided, along with contact information for organizing additional sponsorships. The event will include competitions and games throughout the day.
Arsudeen assginment
V. Arsuden outlines a plan to invest Rs. 5 crores across several financial instruments. They will invest Rs. 2.5 crore in JSE Limited for 2 years at a 10% rate of return. They will also put Rs. 500,000 in the phone industry for 3 years at a fluctuating annual interest rate. Additionally, Rs. 100,000 will be invested in the stock market for 4 years at 7.5% interest. The remaining Rs. 1.5 crore will be used to invest in real estate.
More from Rasick Abdul (6)
Ad2
- 1. Takaful Companies Conventional Insurance Companies Takaful is based on mutual cooperation. Conventional insurance is based solely on commercial factors. Takaful is free from interest (Riba), gambling, Conventional insurance includes elements (Maysir), and uncertainty (Gharar). of interest, gambling, and uncertainty. All or part of the contribution paid by the The premium is paid Participant is a donation to the Takaful Fund, to conventional insurance companies and which helps other Participants by providing is owned by them in exchange for bearing protection against potential risks. all expected risks. Takaful companies are subject to the governing Conventional companies are only subject law as well as a Shari’a Supervisory Board. to the governing laws. There is a full segregation between the Premium paid by the Policyholder is ParticipantsTakaful Fund account and the considered as income to the company, shareholders' accounts. belonging to the shareholders. Any surplus in the Takaful Fund is shared among All surpluses and profits belong to the Participants only, and the investment profits are shareholders only. distributed among Participants and shareholders on the basis of Mudaraba or Wakala models. In case of the deficit of a In case of deficit, Participants’ Takaful Fund, theTakaful operator the conventional insurance company (Wakeel) provides free interest loan (QardHasan) covers the risks. to the Participants. The Plan Owners’ and shareholders’ capital is The capital of the premium is invested in invested in investment funds that are Shari’a funds and investment channels that are compliant. not necessarily Shari’a compliant. Takaful companies have re-insurance with Re- Conventional insurance companies do not Takafulcompanies or with conventional re- necessarily have re-insurance with re- insurance companies that adhere to certain insurance companies that abide by Shari’a conditions of Shari’a. principles.