Takaful Products Family Takaful Linked Investment Plans by S

Top 20 FREQUENT WORDS

takaful 33 insurance 22 august 17 pakistani 12 challenges 7 cont 7 opportunities 7 pakistan 7 risk 7 financial 6 shariah 6 compliant 5 ethical 5 differences 4 gdp 4 lack 4 protection 4 religious 4 benefits 3 contract 3 govt 3 ideology 3 islamic 3 knowledge 3 mitigation 3 overview 3 population 3 products 3 profits 3 regulations 3 sales 3

DOCUMENT KEY POINTS

it is an ideology which promotes solidarity and joint guarantee self reliance and self sustainability for community well being assistance to those that need it community pooling system th august
takafula product and an ideology takaful comes from the arabic root word a kafala guarantee takaful is not only a tool to mitigate loss or to make halal profits

differences between takaful insurance what is insurance a tool for risk mitigation and financial protection a tool to enable people to save life insurance key differences between takaful and insurance are risk sharing vs
owner different type of contract th august

issue conventional takaful insurance basis risk transfer co operative risk sharing laws secular regulations shariah prudential regulations ownership shareholders participants mgmt status company management operator form of contract contract of sale cooperative wakala or mudarbah with tabar ru contributions investments interest based shariah compliant surplus shareholders account participants account
differences between takaful insurance cont

the pakistani market a an overview cont pakistan a insurance market penetration of insurance pakistan
of gdp india more than of gdp iran approx

the pakistani market a challenges for takaful resistance to insurance and its benefits due to different reasons conservative spending habits ignorance of its benefits products which do not meet buyers needs religious reasons tawakkul issue tie your camel first then put your trust in allah swt
tirmidhi it is better for you to leave your heirs wealthy rather than poor and asking others for their needs

government regulations untested human resources for the sector shortage of trained human resources in insurance negligible knowledge of takaful present amongst the public few training programs available for takaful and insurance insurance has generally never been the occupation of first choice for new graduates th august
the pakistani market a challenges for takaful cont

education and awareness lack of knowledge about takaful and insurance amongst the masses ignorance of takaful amongst the ulema significant budget required just to ensure that knowledge permeates to all segments levels of society marketing sales issues poor impression of insurance sales persons amongst the public generally poor ethical standards amongst insurance sales persons general lack of faith on insurance companies meeting their obligation in a efficient and polite manner th august
the pakistani market a challenges for takaful cont

will need to ensure that they do prudent underwriting thus eating into the possibility of having a larger number of customers th august
as compared to insurance ones to be competitive takaful co

quality education is beyond the reach of the average citizen and the institutions provided by the govt
the pakistani market a opportunities for takaful economic social conditions in pakistan make takaful a necessity lack of govt

strong growth in the islamic financial sector provides takaful with a natural market islamic banks and mutual funds will need takaful to package with their other products islamic financial institutions presently have no family coverage for their staff massive untapped market in pakistan for risk mitigation tools given the necessity of these tools insurance has not even touched the surface given the a plain vanilla menu provided to customers there is a great opportunity for innovation th august
the pakistani market a opportunities for takaful cont

ethical and shariah compliant model for risk mitigation and financial protection large number of people who stay away from insurance due to religious beliefs large number of our population can be considered as a religious and so takaful will be in line with their beliefs educated citizens although not religious would prefer to use an ethical model than one which is built on making profits by trying to avoid having to pay claims th august
the pakistani market a opportunities for takaful cont

this is especially important when the people are living at a level where income equals expenses convey the critical nature of financial protection to others explain the benefits of getting financial protection introduce the new concept which is not only ethical but also shariah compliant just start from those around youa
takaful a what should you do about it as educated professionals we have a responsibility to our fellow citizens to guide them to what is good for them

jazak allah khair for further information contact to info pakqatar dot com
pk launching soon th august

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DOCUMENT WORD ANALYSIS

Main Category

AlHuda Material\takaful

KeyWords

taka islam insur malaysia productdeferred shariah countries muslim financial retakaful model growth custom partner developed service mutual bankable provided scheme

DOCUMENT REFERENCES

Number of Pages

18

Published Date

2016-09-17 01:20:59

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Takaful Products Family Takaful Linked Investment Plans by S

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Top 20 FREQUENT WORDS

DOCUMENT KEY POINTS

DOCUMENT WORD ANALYSIS

Main Category

KeyWords

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