DEBT TAKAFUL AS A RISK MITIGATION TOOL (A FEASIBLE TAKAFUL MODEL OF TRADING DEBTS FOR BUSINESS INDUSTRIES IN PAKISTAN)

Simple item page
dc.contributor.authorAMER ABBAS
dc.date.accessioned2025-07-29T11:13:01Z
dc.date.available2025-07-29T11:13:01Z
dc.date.issued2021-08-21
dc.description.abstractIslamic finance is a need of time. People prefer Shariah-compliant solutions for their needs, such as Islamic banking, so the government must improve its position in Islamic finance so that people can find Shariah-compliant solutions to their problems. Takaful is a type of Islamic insurance. Takaful is an Islamic way of doing insurance. After many Fatwas, that were issued by Shariah Scholars and Fiqh academies in its favor it proved its viability. Many Takaful and Re-Takaful firms, and Takaful windows under conventional insurance, operate around the world at the moment. The significant growth in Takaful business around the world can be seen in the improved financial performance of selected Takaful companies. Takaful is a mechanism which is acceptable for Shariah. Some companies, such as "EULER HERMES" and "ZURICH," have recently begun providing credit insurance in various countries. They are not offering Takaful model for Trading Debts. Takaful is an alternate solution of conventional insurance. Insurance companies are providing insurance for this sector, but peoples prefer Takaful policies instead of insurance. That’s why a Takaful model for Business industries is needed so that an organization can cover its losses using a mechanism that is aligned with Shariah rulings. This research work will be regarded as a starting point for further enhancement of research about Debt Takaful in Pakistan to complete the cycle of Islamic finance. It is a step towards creating awareness among general public of the need and importance of Debt Takaful in present day environment as well as a way to break the cycle of poverty and wide income differences. This research provides alternate solution of credit insurance that is used by various companies in European countries. This research discusses different views of Islamic scholar on conventional insurance and Takaful models being practiced by different Takaful companies across the world. This research also discusses some Shariah related issues faced by Takaful companies practicing various Takaful models in different countries. In the light of recommendations of respondents, this study concludes by proffering suggestions and proposes the best debt Takaful model.
dc.identifier.urihttps://escholar.umt.edu.pk/handle/123456789/3979
dc.language.isoen_US
dc.publisherUMT.Lahore
dc.titleDEBT TAKAFUL AS A RISK MITIGATION TOOL (A FEASIBLE TAKAFUL MODEL OF TRADING DEBTS FOR BUSINESS INDUSTRIES IN PAKISTAN)
dc.typeThesis
Files
Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
DEBT TAKAFUL AS A RISK MITIGATION TOOL.pdf
Size:
1.81 MB
Format:
Adobe Portable Document Format
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
2021