shariah Archives

Islamic insurance: The next global trend

International Finance DeskJanuary 13, 2015

by International Finance DeskJanuary 13, 2015

Takaful is about risk-pooling while proprietary insurance is concerned with risk transfer Camille Paldi January 13, 2015: Takaful, or Islamic insurance, is a cooperative scheme, where in the participants pay a premium in the form of donation, or tabarru, in a common pool in return for the ability to draw upon that pool upon a...

Business Leaders

‘Growth in insurance will come from the dynamic demographics of Saudi Arabia’

International Finance DeskAugust 5, 2014

by International Finance DeskAugust 5, 2014

Adrian Flowers, CEO of SABB Takaful, discusses the insurance market in Saudi Arabia with Team IFM. August 5, 2014:SABB Takaful is a leading and trusted Islamic Insurance provider in Saudi Arabia, operating according to the principles of Shariah. All its products are reviewed and approved by its Shariah committee before being made available to customers....

Islamic Banking

Could Ratings Help Boost Transparency in the Trillion-Dollar Islamic Finance Market?

International Finance DeskSeptember 9, 2013

by International Finance DeskSeptember 9, 2013

Those involved in Islamic finance readily agree the 40-year-old market has reached a juncture where it must develop further transparency to address concerns about the security of its products. When Dubai’s biggest investment conglomerate, Dubai World, stunned markets last November with a request to freeze repayments on $26 billion in debt, the upstart Gulf emirate...

Islamic Banking

Role of Shariah in Equity Based Financing

International Finance DeskSeptember 8, 2013

by International Finance DeskSeptember 8, 2013

The issue of how Shariah can support the development of equity-based financing is one that affects the growth of the industry. The issue of how Shariah can support the development of equity-based financing is one that affects the growth of the industry, said a much sought-after Shariah scholar of Islamic finance. “Since the inception of...