Conceptual differentiation between Takaful and Conventional Insurers: Focusing on The kingdom of Bahrain market - Softcover

Fonseca, Melbourne

Softcover

ISBN 10: 3845409371 ISBN 13: 9783845409375

Publisher: LAP LAMBERT Academic Publishing, 2011

Synopsis

The insurance industry has seen a recent growth in a market segment which prefers products and services that relate to the Islamic Society and the concept of mutual cooperation in abidance with the Islamic Laws. The reason for this growth is the existence of an alternative called as `Islamic’ insurance products provided by the Takaful insurance companies. Ever since the establishment of the concept of Takaful, the Takaful providers have been capturing the market in the Islamic community with this core competency feature in their products. There has been very little academic literature that compares the managerial and conceptual aspects of the conventional and takaful insurers. This book, therefore, compares 5 leading insurance/re-insurance companies in The Kingdom of Bahrain of which 2 are conventional companies, 2 are takaful companies and one practising both types of insurance. The analysis should help us understand how different these companies are and should be especially useful for individuals or organisations who are left with a choice to select either of the above two insurance providers.

About this title

About the Author

Melbourne M. Fonseca, Postgraduate Diploma in Insurance Studies at The University of Nottingham. Assistant Underwriter - Facultative Engineering Department at Trust Re, Bahrain.

Edition details

• Publisher: LAP LAMBERT Academic Publishing
• Publication date: 2011
• Language: English
• ISBN 10: 3845409371
• ISBN 13: 9783845409375
• Binding: Paperback
• Number of pages: 96