Thomson Reuters releases guidebook on Islamic Insurance

The guidebook features an introduction to Takaful system and its unique features

April 17, 2013 4:46 IST | India Infoline News Service
Thomson Reuters, the world's leading supplier of intelligent information for businesses and professionals, today released a comprehensive guide to Islamic insurance titled "Takaful Primer 2013".

The guidebook is authored by Dr. Omar Fisher who had earned a PhD. in Takaful through a combined graduate program of the International Islamic University of Malaysia (Kuala Lumpur) and Camden University of Delaware (USA) in 2005. He is the author or technical editor of several books and articles on Takaful, the Islamic alternative to conventional insurance.

The guidebook features an introduction to Takaful system and its unique features. Furthermore, it includes current industry trends, worldwide statistics, and a perspective on the opportunities and challenges facing the Takaful industry. The guidebook contains an extensive glossary of terms in Arabic and English, together with a comprehensive directory of Takaful Operators globally.

Russell Haworth, managing director, Middle East and North Africa, Thomson Reuters, said: "We are delighted to present this specialised publication that contributes to spread awareness. The guidebook is written in non-technical language and helps consumers understand the fundamentals of Islamic insurance products."

Sayd Farook, global head of capital markets, Thomson Reuters, said: "It is apparent that the ethical basis and demonstrated practicality of Islamic finance and Takaful appeal to more communities than only Muslims."

He concluded: "It is widely expected that this Takaful Primer 2013 can help overcome myths and misunderstandings among both Muslims and non-Muslims on the subject of Takaful so that this promising sector can expand even more rapidly worldwide and thereby enhance their knowledge to engage risk protection services needed by individuals, groups and businesses on a daily basis."

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