CHECK THESE SAMPLES OF Conventional vs Takaful Insurance Companies in UAE
The aim of the research is to discuss the potential success and improvement of e-business within insurance companies as one of the most important sectors in the economy of the United Arab Emirates (UAE).... The propagation of the World Wide Web (WWW) and all other communication technology has created new dynamic channels through which insurance companies can promote and sell their services.... An evaluation of the chances of successful implementation of e-insurance in the uae....
24 Pages
(6000 words)
Essay
takaful insurance described in this essay is based on the principles of Islamic brotherhood that promotes common interest and solidarity.... Therefore, takaful insurance was introduced to minimize the risk by mutual agreement which doesn't exploit the interest of any party.... takaful insurance: “Takaful is an Arabic word, which means “joint guarantee” or “mutual co-operative agreement”.... Tabarru is the basic pillar of takaful insurance which means charity or gift”, (International Co-operative and Mutual Insurance Federation, 2005)....
10 Pages
(2500 words)
Essay
(Syyed, 98) The financial institutions that that deal with the instruments can be enumerated as International Islamic Financial Markets, Mudaraba Companies, Takaful Companies (These are basically insurance companies), Islamic Mortgage Companies, Islamic Windows, Islamic Investment Funds and Banks and Islamic Banks.... The countries can be enumerated as USA, UK, Yemen, uae, Turkey, Tunisia, Switzerland, Sudan, Sri Lanka, South Africa, Senegal, Saudi Arabia, Russia, Qatar, Palestine, Pakistan and around 150 countries all over the world....
3 Pages
(750 words)
Essay
Banks from across the world have set up their branches in uae.... his essay deals with the Islamic Banking sector in the United Arab Emirates (uae).... uae is one of the fastest growing financial capitals in the world.... ain bodyBanking is one of the fastest growing industries in the uae, especially in Dubai.... uae has emerged as a financial hub in the world within a very limited time.... The main reason for this is that the uae is a destination for people from all over the world....
11 Pages
(2750 words)
Term Paper
The GCC countries (Cooperation Council for the Arab States of the Gulf) include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.... This research has tried to analyze the financial sectors of three GCC nations: Qatar, Bahrain and Dubai which includes the.... ... ... ory of their financial regulators (central Banks, commercial banks, other financial authorities), the development of Islamic financial regulations and the evolution of their respective financial sectors....
20 Pages
(5000 words)
Essay
The author of the paper "A Comparison between Islamic and Non-Islamic Banks and companies in Terms" will begin with the statement that for the past two decades, the Gulf Cooperation Council has been seen as a region under rapid economic growth, demographic change, and also social changes.... Two types of banks, therefore, exist in the region, that is Islamic banks and conventional banks.... And therefore, all its transaction, business approach, investment focus, product feature, responsibility, and many more are derived from the Shariah law, this leads to a significant difference in any part of its operations with as that of the conventional banks....
12 Pages
(3000 words)
Research Paper
takaful insurance was introduced to minimize the risk by mutual agreement.... This paper 'insurance Issues - Takaful and Conventional insurance Comparison" focuses on the fact that according to Cathey Pareto, 'insurance is a form of risk management in which the insured transfers the cost of potential loss to another entity in exchange for monetary compensation - the premium'.... insurance can be broadly classified into life insurance and general insurance which includes; health insurance, homeowner's insurance, fire and theft insurance, auto insurance, disability insurance, appliance protection etc....
10 Pages
(2500 words)
Assignment
takaful insurance companies are founded upon sharia laws (Yusop et al.... The first 'fatwa' that banned the modern application of insurance and its activities among takaful insurance companies was created by Abdeen, a Syrian scholar.... Although opinions differ among Muslim intellectuals, the majority argues that modern principles of conventional insurance companies are unacceptable to Islam (Yusop et al.... While takaful insurance is based on the principle of sharia, conventional insurance was founded upon manmade laws....
8 Pages
(2000 words)
Essay