A CRITICAL REVIEW OF TAKAFUL (ISLAMIC INSURANCE) MODELS AND PRACTICES IN JORDAN
Takaful is an Arabic word that means “Kafala.” Hence, Kafala means to guarantee each other. It conveys a cooperative system of refund or repayment in case of any loss that is employed for the benefit of all the individuals. Unlike traditional insurance, Takaful is grounded in the Shariah/Islamic principles, which focus on shared responsibilities and […]
