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Re-takaful

  • Adnan MalikEmail author
  • Karim Ullah
Chapter

Abstract

For better risk mitigation, takaful operators often share their risks with re-takaful companies. Re-takaful companies also use wakalah and mudarabah models for their operations. Takaful companies arrange re-takaful for increasing their underwriting and claim-paying capacities. There are two broad types of re-takaful agreements, namely, facultative and treaty re-takaful, which have further subtypes including proportional and non-proportional.

Keywords

Facultative Re-takaful Risk sharing Re-Takaful Treaty Re-Takaful 

Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Centre for Excellence in Islamic FinanceInstitute of Management SciencesPeshawarPakistan

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