Introduction
PART I: INTRODUCTION TO TAKAFUL: FORM, FUNCTION AND CRITICISM
1. Takaful Journey: the Past and Present and Future
Ajmal Bhatty and Shariq Nisar
2. Solidarity, Cooperation, and Mutuality in Takaful
Volker Nienhaus
3. Mutuality, Reciprocity, and Justice within the Context of a Unified Theory of Riba and Ghara
Mahmoud A. El-Gamal
4. A Proposed Marriage between Endowments, Mutual Insurance, and the Institution of Agency in Islamic Law—An Introduction to the Waqf-Wakalah Model of Takaful
Abdullah Nana
5. A Critical Shari’ah Review of Takaful Structures: Towards a Better Model
Abdulazeem Abozaid
PART II: REGULATORY ENVIRONMENT AND LEGAL ASPECTS OF TAKAFUL
6. New Horizons: The Potential for Shari’ah-compliant Cooperative and Mutual Financial Services
Sara E. B. Carmody
7. Toward a Watershed in Takaful Dispute Resolution: From Litigation to Effective Dispute Management
Umar A. Oseni
8. Fatw? and its Role in Regulatory Capture and Arbitrage
Joe W. Bradford
PART III: TAKAFUL PRODUCT ANALYSIS
9. The Nature of Retakaful: Risk Sharing or Transferring Risks?
Abu Umar Faruq Ahmad, Ismail Bin Mahbob and Muhammad Ayub
10. Commercial Credit Takaful
Muhammad Al Bashir Muhammad Al Amine
11. Shari’ah Compliant High Watermark Protected Lifetime Annuity in Family Takaful?
Hiba Allam and Volker Nienhaus
PART IV: TAKAFUL AS SOCIAL FINANCE
12. Reimagining takaful: A New Model for Social Banking
Hussam Sultan and Abdur-Rahman Syed
13. Islamic Co-operatives: A Route to Poverty Alleviation and Economic Development
Mian Farooq Haq and Bushra Shafiq
14. Scaling Poverty Reduction in Indonesia: Enhancing the Institutional Effectiveness of Islamic Microfinance Institutions
Tanvir Ahmed Uddin and Muhammad Maaz Rahman
15. Micro-takaful in India: A path towards Financial Inclusion & Sustainable Development
Mohammad Faisal, Asif Akhtar, Asad Rehman and M. Abdul Samad
Index