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Islamic Insurance Products

Exploring Takaful Principles, Instruments and Structures

Palgrave Macmillan
  • Unravels Islamic general insurance products, including accident, fire, motor, healthcare and travel insurance
  • Outlines the various Islamic life insurance products, including education, endowment, mortgage, personal accident, critical illness and senior citizen policies
  • Describes the Islamic standard of claim procedures for both general policies and life insurance policies

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Softcover Book USD 129.99
Price excludes VAT (USA)
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Hardcover Book USD 129.99
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Table of contents (42 chapters)

  1. Front Matter

    Pages i-xxviii
  2. An Overview of Takaful and Re-takaful

    1. Front Matter

      Pages 1-1
    2. An Overview of Takaful Products

      • Mohd Ma’Sum Billah
      Pages 3-27
    3. Re-takaful Products in a Nutshell

      • Mohd Ma’Sum Billah
      Pages 29-45
  3. General Takaful Products

    1. Front Matter

      Pages 65-65
    2. Preview of General Takaful

      • Mohd Ma’Sum Billah
      Pages 67-73
    3. Motor Takaful

      • Mohd Ma’Sum Billah
      Pages 75-96
    4. Accident Takaful

      • Mohd Ma’Sum Billah
      Pages 97-102
    5. Fire Takaful Plan

      • Mohd Ma’Sum Billah
      Pages 103-111
    6. Experience in Fire Takaful

      • Mohd Ma’Sum Billah
      Pages 113-121
    7. Medical Takaful Plan

      • Mohd Ma’Sum Billah
      Pages 123-145
    8. Health Takaful Rider Plan

      • Mohd Ma’Sum Billah
      Pages 147-157
    9. Group Takaful Plan

      • Mohd Ma’Sum Billah
      Pages 159-166
    10. Group Takaful Plan for Health Care

      • Mohd Ma’Sum Billah
      Pages 167-180
    11. Pilgrimage (Hajj) Takaful

      • Mohd Ma’Sum Billah
      Pages 181-187
    12. Hajj Badal (Substitute Hajj) Takaful

      • Mohd Ma’Sum Billah
      Pages 189-197
    13. Ziarah (Visit) Takaful

      • Mohd Ma’Sum Billah
      Pages 199-209
    14. Group Islamic Cashline Takaful

      • Mohd Ma’Sum Billah
      Pages 211-220
    15. Sukuk Takaful Plan

      • Mohd Ma’Sum Billah
      Pages 221-226

About this book

The growth of Islamic finance today is undeniable given its services, product innovation, performance and achievements, with the Islamic insurance market being no exception; it has retained global market recognition in a parallel platform as Islamic finance moves forward. There is much written regarding the Islamic insurance system, but rarely do researchers present the various Islamic insurance products and their structures in one collective place. This book is a timely addition in meeting contemporary market demands by providing a much-needed overview of the Islamic insurance products and their Shari’ah compliant structures. This book would be of interest to academics, researchers, students and professionals who are seeking to understand the products offered. 

Authors and Affiliations

  • Professor of Finance, Insurance, Fintech and Investment Islamic Economics Institute, King Abdulaziz University, Jaddah, Kingdom of Saudi Arabia

    Mohd Ma’Sum Billah

About the author

Mohd Ma’Sum Billah is Professor of Finance and Insurance at the Islamic Economics Institute, King Abdulaziz University, Saudi Arabia. He is a member of various organizations and groups, including the working group of the Shari'ah Compliance functions, the AAIOFI Governance & Ethics Board (AGEB), AAIOFI, Bahrain and the Audit Committee, ACIG, Saudi Arabia alongside being an advisor to ICMIF, London. He is an author of 31 books and chapters in several books in the areas of Islamic and comparative finance, insurance, investment, capital markets, business, asset management and e-Commerce. He has also published more than 150 articles in Islamic and comparative finance, banking, capital markets, insurance, business and social finance and completed nine funded research projects successfully on different issues of Islamic and comparative finance and commerce funded by the Malaysian government and the Central Bank. He has presented more than 200 papers and lectures at conferences, summits, conventions, seminars, executive workshops and forums in the specialized issues of Islamic finance, insurance, capital market, investment, business, social finance and cryptocurrency.

Bibliographic Information

  • Book Title: Islamic Insurance Products

  • Book Subtitle: Exploring Takaful Principles, Instruments and Structures

  • Authors: Mohd Ma’Sum Billah

  • DOI: https://doi.org/10.1007/978-3-030-17681-5

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2019

  • Hardcover ISBN: 978-3-030-17680-8Published: 29 October 2019

  • Softcover ISBN: 978-3-030-17683-9Published: 29 October 2020

  • eBook ISBN: 978-3-030-17681-5Published: 28 August 2019

  • Edition Number: 1

  • Number of Pages: XXVIII, 504

  • Topics: Islamic Finance, Insurance

Buy it now

Buying options

eBook USD 99.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 129.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 129.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access