Life Takaful - Islamic Life Insurance

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What is "takaful" in Islamic Finance? How is Shari'a-compliant Islamic insurance likely to evolve in the globalized financial arena? After analysing the genesis and infancy of takaful insurance focusing on the life insurance area, we provide an accurate summary of opportunities to grow and prospective problems in the Islamic insurance industry, concentrating on how these factors may stimulate, coordinate or hinder the healthy development of takaful insurance.