Publication:
Takaful: ju'alah business model (concept paper)
Abstract
There is no 'best fit' business model in takaful. All existing models applied in the present day takaful are akin to fitting square pegs into round holes. Where there are needs to fit in certain aspects of the business models, the practice is to cut off corners around the square pegs to enable the fit, primarily on the basis of maslahah to ensure conformity with the commercial aspirations and objective of the business models. This paper primarily explores the feasibility of ju'alah as the underlying contract in takaful. The ju'alah business model is developed, formulated and validated as to whether it can be an alternative business model in the context of Islamic commercial insurance-tijari framework ...
Keywords
Takaful , Ju'alah , Business model
Citation
Ismail, K. (2017). Takaful: ju'alah business model (concept paper) (Master dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/2670
Publisher
INCEIF
Available in physical copy (Call number: t HG 8051 K15) and PDF format. Kindly email to kmc@inceif.org to access the item