FINANCE

Takaful – Islamic Finance-Retakaful and the Transfer of Risk

Takaful – Islamic Finance-Retakaful and the Transfer of Risk Case Scenario A newly established Takaful operator experiences a rapid increase in participants and decides to obtain Retakaful protection to strengthen its financial capacity. During a Board




Takaful – IFSB Approved Standards and Exposure Drafts

Takaful – IFSB Approved Standards and Exposure Drafts Case Scenario An Islamic Financial Institution (IFI) is reviewing its governance, risk management, and regulatory framework to align with internationally recognised Islamic financial standards. Dur




Takaful – The Practice of Reinsurance

Takaful – The Practice of Reinsurance Case Scenario A conventional insurance company underwrites a major industrial project valued at US$100 million. Although the company has sufficient expertise to insure the project, its own capital allows it to safel




Takaful – Currency Risk in Islamic Financial Institutions (IFIs)

Takaful – Currency Risk in Islamic Financial Institutions (IFIs) Case Scenario An Islamic Financial Institution (IFI) expands its investment portfolio by purchasing Shariah-compliant Sukuk and equity investments denominated in foreign currencies. The