Takaful Advancements: Governance, Products, Post COVID-19, Sustainability and Takatech
Keywords:
Takaful governance, shariah governance, sustainability, insurtechSynopsis
This book covers the governance and regulatory requirements of takaful companies, including the Shariah Governance Structure in different countries. It also discusses challenges facing takaful companies and provides possible solutions. The book offers a detailed description of takaful products and services, as well as suggestions for developing new ones in response to the contemporary business environment. Additionally, it examines the post-COVID-19 impacts on takaful companies worldwide and proposes ways to
overcome these challenges. It delves into crucial issues regarding the sustainability of takaful, including financial, social, environmental, operational and ethical aspects. It also explores ways to improve the industry’s sustainability through advanced technology. The book emphasises environmental concerns for takaful companies and discusses International Financial Reporting Standards in accounting for the takaful system as well as enterprise risk management to navigate industry challenges. Additionally, it covers the importance of Insurtech and Takatech, recommending increased adoption of Takatech in the Takaful industry.
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References
Abbas, F. J. (2019). Tawuniya Recognizes as Best Takaful Company for 2019. Arab News.
Accounting and Auditing Organisation for Islamic Financial Institutions (2015). Shari’ah Standards for Islamic Financial Institutions. Manama, Bahrain.
Abd Majid, N., Sulaiman, M., & Ariffin, N. (2011, December). Developing a corporate governance disclosure index for Islamic financial institutions. In 8th International Conference on Islamic Economics and Finance (pp. 1-25).
Abdi, M., & Alimohammadzadeh, M. (2017). Takaful in Iran: A review of challenges and opportunities. International Journal of Islamic and Middle Eastern Finance and Management, 10(3), 396-413.
Abdou, H., Ali, K. & Lister, R. (2014) ‘A comparative study of Takaful and conventional insurance: empirical evidence from the Malaysian market’, Insurance Markets and Companies: Analyses and Actuarial Computations, 4 (1), pp. 23-35.
Abdul Aris, N., & Tapsir, R. (2012). Risk and Risk Management of Takaful Industry. Annual Summit on Business and Entrepreneurial Studies (Proceeding), 364-372.
Abdullah, N. A., Hassan, S. A., & Yusoff, S. Z. (2020). Factors that influence the ethical behaviors of Takaful agents. International Journal of Academic Research in Business and Social Sciences, 10(8), 270-282.
Abdullah, N. I. (2021). Impactful and collective microtakaful in addressing the impact of covid-19 pandemic. Journal of Islamic Finance, 10, 117-126.
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Published
2 July 2025
Categories
Copyright (c) 2025 Penerbit UTHM
Details about this monograph
ISBN-13 (15)
978-629-490-183-4
How to Cite
Issa Khan. (2025). Takaful Advancements: Governance, Products, Post COVID-19, Sustainability and Takatech. Penerbit UTHM. https://publisher.uthm.edu.my/omp/index.php/penerbituthm/catalog/book/574
