Academic Catalog 2018–2019

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ACT725 Takaful Mechanism

[1–0, 1 cr.]

This is an overview of conventional insurance system, sources of Shariah, Norms of Takaful - Riba, Gharar, Qimar, Maisir, Musharkah, Mudarabah, Jahala, Wakala, Waqf and Tabarru. It covers the basic elements of Takaful, its principles and types of Takaful, and the differences between Takaful and insurance.

Note: This course has been unavailable since 2016–2017.