Book description
A comprehensive guide to current issues and practices in governance
for Takaful and re-Takaful operations
As the global demand for Islamic insurance products increases, a
thorough understanding of Takaful principles is vital for accountants,
auditors, and leaders of companies offering these products. This book
covers the basic accounting principles and practices of Takaful
operations, including the segregation of assets, liabilities, income,
and expenditures between the Takaful operator and participants; the
setting aside of cash reserves for meeting outstanding claims and
future claims; and the management of revenue and expenditure.
Featuring extensive case studies from real-world situations, this book
is the perfect primer for accounting students and practitioners
unfamiliar with Islamic finance and Takaful operations.
- Written by experts from the International Islamic University
Malaysia, the leading organisation in research in Islamic finance
- Covers all the major accounting principles and practices
- Based on real-world experience and packed with illustrative case studies
For practicing accountants and business leaders, this book offers a
thorough education in Takaful operations while also serving as an
excellent guide for undergraduate students and researchers.
Dr. Sheila Nu Nu Htay, PhD is PhD Programme Coordinator at the
Institute of Islamic Banking and Finance, International Islamic
University Malaysia (IIUM).
Mohamed Arif was CEO of Takaful Indonesia from 2001 to 2004.
From 1985 to 2000, he was General Manager Finance and
Administration/Company Secretary of Takaful Malaysia
Assoc. Prof. Dr. Younes Soualhi, PhD, is an Associate Professor
at the International Islamic University Malaysia (IIUM), Chairman of
the Shariah Board of HSBC Amanah Malaysia and Chairman of the Shariah
board of Munich Re Takaful. He is also a founding member of the French
Council of Islamic Finance (COFFIS), Paris.
Hanna Rabittah Zaharin is an audit assistant with AFTAAS
Corporate Advisory
Ibrahim Shaugee is a consultant in Islamic finance, accounting
systems and taxation, based in the Republic of Maldives.
