{"product_id":"takaful-investment-portfolios-isbn-9781118385470","title":"Takaful Investment Portfolios","description":"\u003cb\u003eA groundbreaking study of the investment portfolios of takaful companies, their general investment patterns, and their future investments\u003c\/b\u003e  \u003cp\u003eThe Islamic finance industry has witnessed remarkable growth over the last decade, and one of the most successful segments—poised for even greater expansion—is the Islamic insurance (takaful) industry. In \u003ci\u003eTakaful Investment Portfolios\u003c\/i\u003e, distinguished takaful scholar Abdulrahman Khalil Tolefat explores the investment portfolios of takaful companies in both the GCC countries and Malaysia, the tip of Islamic finance industry. Investigating the trends and patterns of investment of takaful companies, the book looks at shareholders as well as general and family funds to determine where these companies are investing today, and where they are likely to invest in the future.\u003c\/p\u003e \u003cp\u003ePresenting new and novel research on the investment patterns of takaful companies, \u003ci\u003eTakaful Investment Portfolios\u003c\/i\u003e covers the history of the industry and takaful models and how they work, and presents in-depth studies of both their real-world and desired portfolio investments.\u003c\/p\u003e \u003cul\u003e \u003cli\u003ePresents unique new research into the investment portfolios of takaful companies in the GCC and Malaysia\u003c\/li\u003e \u003cli\u003eExamines the gap between desired and actual investment portfolios of takaful companies\u003c\/li\u003e \u003cli\u003eExplores expected areas for future investment\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eGroundbreaking in its depth, \u003ci\u003eTakaful Investment Portfolios\u003c\/i\u003e is an unprecedented study of the investments of takaful companies.\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eList of Abbreviations xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Introduction 1 \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRationale for Researching Investment Portfolio Composition of \u003ci\u003eTakaful \u003c\/i\u003eCompanies 1\u003c\/p\u003e \u003cp\u003eAims and Objectives 4\u003c\/p\u003e \u003cp\u003eScope and Delimitation 5\u003c\/p\u003e \u003cp\u003eResearch Methodology 6\u003c\/p\u003e \u003cp\u003eOverview of the Book 6\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Insurance and Islamic Law: An Introduction to Takaful 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Concept of Insurance in Islamic Sources 9\u003c\/p\u003e \u003cp\u003eViews of Contemporary Jurists on the Insurance Contract 13\u003c\/p\u003e \u003cp\u003eArguments Regarding the Validity or Invalidity of Commercial Insurance 15\u003c\/p\u003e \u003cp\u003eConclusion 27\u003c\/p\u003e \u003cp\u003eNotes 28\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Takaful Models and Implementations, Trends, and Developments 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eTakaful \u003c\/i\u003eUndertaking Principles 31\u003c\/p\u003e \u003cp\u003eIslamic Insurance Operational Models 32\u003c\/p\u003e \u003cp\u003eDifferences Between \u003ci\u003eTakaful \u003c\/i\u003eand Other Forms of Insurance 44\u003c\/p\u003e \u003cp\u003eTrends and Developments in the \u003ci\u003eTakaful \u003c\/i\u003eIndustry 45\u003c\/p\u003e \u003cp\u003eConclusion 52\u003c\/p\u003e \u003cp\u003eNotes 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Research Methodology 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMethodological Shortcomings of the Literature 56\u003c\/p\u003e \u003cp\u003eResearch Strategy 56\u003c\/p\u003e \u003cp\u003eResearch Questions, Objectives, and Hypotheses 57\u003c\/p\u003e \u003cp\u003eResearch Design 58\u003c\/p\u003e \u003cp\u003eSampling Strategy 59\u003c\/p\u003e \u003cp\u003eResearch Methods 61\u003c\/p\u003e \u003cp\u003eQuantitative Data Analysis 68\u003c\/p\u003e \u003cp\u003eQualitative Data Analysis 70\u003c\/p\u003e \u003cp\u003eConclusion 70\u003c\/p\u003e \u003cp\u003eNotes 71\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Exploring Investment Behaviours and Investment Portfolios of Takaful\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOperating Companies in the GCC and Malaysia 73\u003c\/p\u003e \u003cp\u003eTotal Investment Portfolio of \u003ci\u003eTakaful \u003c\/i\u003eOperating Companies for All Funds 74\u003c\/p\u003e \u003cp\u003eInvestments in Shareholders’ Fund 75\u003c\/p\u003e \u003cp\u003eGeneral Fund 86\u003c\/p\u003e \u003cp\u003eFamily Funds 94\u003c\/p\u003e \u003cp\u003eConclusion 97\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Locating the Differences Between Actual and Desired Investment Portfolios 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eShareholders’ Fund 101\u003c\/p\u003e \u003cp\u003eGeneral Fund 106\u003c\/p\u003e \u003cp\u003eFamily Funds 111\u003c\/p\u003e \u003cp\u003eConclusion 114\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Contextualising the Findings 117\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverall Portfolio Compositions 117\u003c\/p\u003e \u003cp\u003eInvestment Accounts 125\u003c\/p\u003e \u003cp\u003eInvestment in \u003ci\u003eSukuks \u003c\/i\u003e129\u003c\/p\u003e \u003cp\u003eInvestment in Equities 134\u003c\/p\u003e \u003cp\u003eReturn on Investment (ROI) 138\u003c\/p\u003e \u003cp\u003eMutual Funds\/Unit Trusts 140\u003c\/p\u003e \u003cp\u003eReal Estate Investments 141\u003c\/p\u003e \u003cp\u003eConclusion 142\u003c\/p\u003e \u003cp\u003eNotes 143\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Conclusion and Recommendations 145\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMain Findings of the Study 145\u003c\/p\u003e \u003cp\u003eRecommendations of the Study 149\u003c\/p\u003e \u003cp\u003eResearch Limitations 153\u003c\/p\u003e \u003cp\u003eRecommendations for Future Research 153\u003c\/p\u003e \u003cp\u003eConclusion 154\u003c\/p\u003e \u003cp\u003eNote 155\u003c\/p\u003e \u003cp\u003eAppendix A 157\u003c\/p\u003e \u003cp\u003eAppendix B 163\u003c\/p\u003e \u003cp\u003eAppendix C 215\u003c\/p\u003e \u003cp\u003eBibliography 217\u003c\/p\u003e \u003cp\u003eAbout the Authors 223\u003c\/p\u003e \u003cp\u003eIndex 225 \u003c\/p\u003e  \u003cp\u003e\u003cb\u003eDr. AbdulRahman Khalil Tolefat\u003c\/b\u003e began his career at the Central Bank of Bahrain. He later served as both chief executive officer and chairman of Allianz Takaful in Bahrain, the global hub for Islamic insurance (takaful) of Allianz Group. After leaving Allianz, he founded \u003ci\u003eITQAN\u003c\/i\u003e Financial Services for which he now serves as Chairman and Managing Director. In addition, Dr. Abdul Rahman was a member of the CBB Committee that developed the insurance rulebooks in coordination with PricewaterhouseCoopers and a member of the working group between the International Association for Insurance Supervisors (IAIS) and the Islamic Financial Services Board (IFSB).\u003c\/p\u003e \u003cp\u003e\u003cb\u003eDr. Mehmet Asutay\u003c\/b\u003e is a Reader in Middle Eastern and Islamic Political Economy and Finance at the School of Government and International Affairs, Durham University; Director of the Durham Centre for Islamic Economics and Finance; Course Director of the MA\/MSc in Islamic Finance; and the Director of the Durham Islamic Finance Summer School. Also, he serves as Managing Editor of \u003ci\u003eReview of Islamic Economics\u003c\/i\u003e and Associate Editor of the \u003ci\u003eAmerican Journal of Islamic Social Sciences,\u003c\/i\u003e and is on the Editorial Advisory Board of \u003ci\u003eInternational Journal of Islamic and Middle Eastern Finance and Management.\u003c\/i\u003e\u003c\/p\u003e  \u003cp\u003eThe Islamic finance sector has witnessed historic growth over the past decade. One of the most successful and fastest-growing segments has been the takaful, or Islamic insurance, industry, which is expected to grow at an average rate of 20 percent per annum, well into the future.\u003c\/p\u003e \u003cp\u003eDespite the rapid growth of Islamic insurance and mounting interest among major players in both the Islamic and conventional financial industries, much about their internal workings remains veiled in mystery. Nowhere has this been more true than in the financial structures and investment activities.\u003c\/p\u003e \u003cp\u003eBased on a groundbreaking research project begun in 2002, this book provides a clear, in-depth look at the financial structures in both the GCC and Malaysia, which together represent approximately 60 percent of the Islamic insurance industry.\u003c\/p\u003e \u003cp\u003eFeaturing a gold mine of new and novel research, \u003ci\u003eTakaful Investment Portfolios\u003c\/i\u003e covers:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eThe history of the industry, as well as various takaful models and how they work\u003c\/li\u003e \u003cli\u003eIslamic insurance practices, highlighting differences between Shari'ah-compliant and conventional insurance\u003c\/li\u003e \u003cli\u003eCritical legal and regulatory aspects of insurance contracts under Islamic law in both the GCC and Malaysian markets\u003c\/li\u003e \u003cli\u003eMajor asset classes comprising investment portfolios of shareholder funds, general funds, and family funds of takaful enterprises in GCC and Malaysia\u003c\/li\u003e \u003cli\u003eActual versus desired investment portfolio composition of all three types of funds in both regions\u003c\/li\u003e \u003cli\u003eDifferences between the GCC and Malaysian takaful investment portfolios of the three fund types\u003c\/li\u003e \u003cli\u003eRecent efforts to change the composition of takaful investment portfolios and the most likely areas for future investment\u003c\/li\u003e \u003cli\u003eExpert recommendations for regulatory authorities, and Islamic banks.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe first and only in-depth study of its kind, \u003ci\u003eTakaful Investment Portfolios\u003c\/i\u003e is an indispensable resource for those working within the takaful industry and other areas of Islamic finance, as well as those in the conventional insurance and finance industries.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990127427813,"sku":"NP9781118385470","price":114.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118385470.jpg?v=1761786618","url":"https:\/\/k12savings.com\/es\/products\/takaful-investment-portfolios-isbn-9781118385470","provider":"K12savings","version":"1.0","type":"link"}