Salman, Syed Ahmed; Ab. Rashid, Hafiz Majdi; Htay, … - In: Journal of Islamic Accounting and Business Research 9 (2018) 5, pp. 673-686
Purpose: Insurance is a modern risk-management tool. Although the idea is novel, its practice is not free of interest, uncertainty and elements of gambling. Takaful has been introduced as an alternative to modern insurance. India has an established insurance industry, and although the country...