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Issues in Regulatory

In: Business and Management

Submitted By YvonneKeum
Words 6267
Pages 26
Issues paper

ISLAMIC FINANCIAL SERVICES BOARD

and

INTERNATIONAL ASSOCIATION OF
INSURANCE SUPERVISORS
ISSUES IN
REGULATION AND SUPERVISION OF
TAKAFUL (ISLAMIC INSURANCE)

August 2006

THE JOINT WORKING GROUP:
Islamic Financial Services Board
International Association of Insurance Supervisors

Members


Professor
Rifaat
Abdel Karim

Ahmed •

Islamic Financial Services Board



Dr Simon Archer



Islamic Financial Services Board



Abdullah Haron



Islamic Financial Services Board



Arup Chatterjee



International
Supervisors



Abdul Rahman Tolefat



Bahrain Monetary Authority



Peter Casey



Dubai Financial Services Authority



Kholoud Saqqaf



Insurance Commission of Jordan



Dana Janbulat



Insurance Commission of Jordan



M'unis Haddadin



Insurance Commission of Jordan



Zabidi Othman



Central Bank of Malaysia



Wan Malawati Wan Mansor



Central Bank of Malaysia



Wan Mohd Nazri Wan Osman



Central Bank of Malaysia



Fahad A. Al Zomea



Saudi Arabia Monetary Authority

IFSB & IAIS – Issues in Regulation and Supervision of
Takaful (Islamic Insurance)

Association

of

Insurance

Page 2 of 16

Issues in Regulation and Supervision of Takaful
(Islamic Insurance)

Table of contents
Background ..............................................................................................................................4
SECTION 1 – BACKGROUND TO TAKAFUL .........................................................................4
Islamic Religious Law (Shari’a) ................................................................................................4
Insurance in Islam ....................................................................................................................4
The Origins of Takaful ..............................................................................................................5

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