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Islamic Insurance (Takaful) in Nigeria:


Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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Rs. 3,651

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  • Product Description

The book addresses the problems face Islamic Insurance (Takaful) in Nigerian. The Nigerian insurance industry has introduced takaful product (Islamic insurance) into its insurance market. The initiative is a good development for the reason that it is based on the apparent prospects for the product in the country. However, the new takaful product is being confronted with some problems. The main problem being the lack of a reliable legal framework. Other problems are the lack of technical-know-how of the takaful operation and religious intolerance. The study attempts to resolve the problem by proposing the Malaysian takaful legal framework as a model for Nigeria. The framework is embodied in the Takaful Act, 1984. The law is viable as it helps the country to develop its takaful operations rapidly. It is therefore, suggests that the Malaysian takaful framework as presented in this study should be adopted as a model to develop the Nigerian takaful framework. This will help immensely in overcoming the problems that faces the Nigerian takaful operations and it will accelerate the development of the Nigerian Takaful product to the level of world standard.

Product Specifications
SKU :COC23680
AuthorAbdul Azeez Maruf Olayemi
Number of Pages120
Publishing Year2/23/2012
Edition1 st
Book TypeLaw
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-28 00:00:00