Takaful Insurance: Comparative Analysis and GlobalExpansion Roadmap

This paper examines the takaful industry, an Islamic insurance model, juxtaposed with conventional insurance, emphasizing its principles of shared responsibility and equitable surplus distribution. While takaful's appeal lies in its ethical underpinnings, the sector confronts challenges including awareness gaps, governance issues, and limited investment options. Operational models like Mudharabah and Wakalah exhibit distinct implications for surplus distribution and investment strategies. The emergence of Bankatakaful has expanded distribution networks, requiring stringent governance for brand integrity. Strategic interventions recommended include heightened awareness campaigns, robust regulatory frameworks, and product diversification to cater to evolving consumer needs. Despite the sector's potential, addressing limitations is crucial for takaful to establish a strong global presence. Ongoing research initiatives are essential to inform stakeholders and propel the industry's continual evolution in alignment with market dynamics and societal demands.

کلیدواژه ها:

Takaful ، Insurance Industry ، Global Market Development ، Growth Strategy ، Islamic Insurance