Takaful - Proportional vs Non-Proportional Retakaful
Takaful - Proportional vs Non-Proportional Retakaful The easiest way to distinguish them is: Proportional Retakaful = Takaful and Retakaful share the risk from the beginning. Non-Proportional Retakaful...
Takaful - Proportional Treaty Retakaful: Quota Share and Surplus Treaty
Takaful - Proportional Treaty Retakaful: Quota Share and Surplus Treaty In a proportional treaty Retakaful arrangement, the Takaful operator’s risk pool and the Retakaful operator’s risk pool share the...
Takaful - Permissibility of Conventional Reinsurance and Non-Proportional Retakaful
Takaful - Permissibility of Conventional Reinsurance and Non-Proportional Retakaful The use of conventional reinsurance by a Takaful operator may be permitted when there is a genuine practical necessity....
Takaful - Excess of Loss vs Stop Loss Retakaful
Takaful - Excess of Loss vs Stop Loss Retakaful Concise Overview Both Excess of Loss and Stop Loss are non-proportional Retakaful arrangements. The main difference is that Excess of Loss looks at the...
Takaful - Excess of Loss Retakaful
Takaful - Excess of Loss Retakaful Excess of loss Retakaful is a non-proportional form of Retakaful protection. Under this arrangement, the Takaful operator first bears losses up to an agreed retention...
Takaful - Stop Loss Retakaful
Takaful - Stop Loss Retakaful A stop loss Retakaful arrangement protects the Takaful operator when its total claims for the year become too high. The Retakaful risk pool does not pay individual claims...
Takaful - Basis for Permitting Conventional Reinsurance
Takaful - Basis for Permitting Conventional Reinsurance The main basis for permitting a Takaful operator to use conventional reinsurance is practical necessity. This situation may arise when there is...
Takaful - Priority of Retakaful Over Conventional Reinsurance
Takaful - Priority of Retakaful Over Conventional Reinsurance Takaful operators are generally required by their Shari’ah committees to give priority to Retakaful whenever suitable Retakaful protection...
Takaful - Conditions for Using Conventional Reinsurance
Takaful - Conditions for Using Conventional Reinsurance Concise Overview Takaful operators may sometimes be permitted to use conventional reinsurance when adequate Retakaful protection is unavailable....
Takaful - Darurah and the Changing Need for Conventional Reinsurance
Takaful - Darurah and the Changing Need for Conventional Reinsurance In the past, the global Retakaful market had only a small number of active Retakaful operators. Their financial capacity, geographical...