Islamic Law in the News Roundup

ISLAMIC LAW IN THE NEWS The Islamic Finance Market 2022 report has recently been published and predicts substantial growth in the Islamic financial market by 2030. The global takaful market, a type of Islamic insurance, has been estimated to grow from $24.85 billion to $97.17 in 2030. The Westbury Arts Museum (New York) has partnered … Continue reading Islamic Law in the News Roundup

Weekend Scholarship Roundup

Maryam Saeed discusses the constraints in Islamic insurance (takāful) and its impact on the performance of takāful operators in "Challenges of Islamic Insurance (Takaful) Globally," COMSATS Journal of Islamic Finance, 2019. (This article was also featured in this week's issue of SSRN’s Islamic Law & Law of the Muslim World eJournal). In "Islamic Financial Intermediation of Indonesian Economic … Continue reading Weekend Scholarship Roundup

Short Summary :: Takaful – Foundations and Standardization of Islamic Insurance by Joel El-Qalqili

The article looks at Islamic insurance as an example of how Islamic Finance developed and how it may develop in the future. What began as a socio-economic movement has become a global industry. The enabling mechanism was a rather legalistic interpretative approach towards Islamic prohibitions such as riba, maysir and gharar. The emergence of an … Continue reading Short Summary :: Takaful – Foundations and Standardization of Islamic Insurance by Joel El-Qalqili