Publication:
Financial and economic turmoil: opportunities for re(takaful) as a viable alternative
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Date
2009-10-21
Authors
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Abstract
It is exactly a decade after the East-Asian Financial crisis of 1997-98 that the world is saddled with yet a much bigger and deeper financial and economic turmoil. The East-Asian Financial crisis was mainly due to the serious structural weaknesses of the East Asian economies where rapid economic growth for over seven years was not supported by genuine growth engine. Rather it was fuelled by rapid monetary growth, current account deficits, negative Savings-Investment gaps and short term capital inflows. The vulnerability was further enhanced by overvalued exchange rate and reduction in foreign capital inflow.
Keywords
Takaful , Retakaful , Insurance , islamic finance
Citation
Alhabshi, Syed Othman. (2009, October 21). Financial and economic turmoil: opportunities for re(takaful) as a viable alternative. Paper presented at 21st Federation of Afro-Asian Insurance and Reinsurance Conference, at Mandarin Oriental Hotel, Kuala Lumpur, Malaysia.