Takaful islamic insurance:concepts and regulatory issues Concepts and Regulatory Issues Wiley Finance Series, Vol. 590

Authors Rifaat, Archer and Volker bring an international perspective to the growing Islamic Insurance industry. Drawing on contributions from leading experts around the world, they present a comprehensive view of the very issues governing the industry and its future direction. As top financial institutes around the world seem to enter the lucrative Takaful markets, this timely book offers crucial background information and advice, invaluable for any serious player in the market.

1.Introduction
by Professors Rifaat Ahmed Abdel Karim, Simon Archer and Volker Nienhaus

2.Business models in Takaful and regulatory implications
by Professors Rifaat Ahmed Abdel Karim, Simon Archer and Volker Nienhaus

3.Shari'ah principles governing Takaful models
by Dr Mohd Daud Bakar, President of International Istitute of Islamic Finance Education

4.Stakeholder rights and corporate governance issues in Takaful
by Professors Rifaat Ahmed Abdel Karim, Simon Archer and Volker Nienhaus

5.Legal issues in Takaful
by Madzlan Mohamad Hussain, Senior Project Manager of Islamic Financial Services Board, and
Gopal Sundaram, Assistant Governor of Bank Negara Malaysia

6.Market conduct in Islamic insurance, with special reference to emerging markets
by Arup Chatterjee, Principal Administrator of International Association of Insurance Supervisors

7.Supervisory issues in Takaful: an overview
by Peter Casey, Director Policy Dubai Financial Services Authority

8.Reinsurance & ReTakaful
by Mahomed Akoob, Managing Director of Hannover ReTakaful B.S.C. (c)

9.Risk management in Takaful
by Abdullah Haron, Assistant Secretary General of Islamic Financial Services Board, and
Dawood Taylor, Assistant General Manager & Head of Takaful Ta'awunni, AlJazira Bank

10.Solvency and capital adequacy in Takaful
by James Smith, Executive Director, Ernst & Young, Hong Kong

11.Transparency and Financial Reporting in Islamic insurance
by Elham Hassan, Senior Country Partner, PricewaterhouseCoopers (Kingdom of Bahrain)

12.Investment portfolios of Takaful Companies
by Dr Abdelrahman Tolefat, Head of Licensing and Information, Central Bank of Bahrain

13.Issues in Rating Takaful Companies
by Andrew Murray, Senior Director, Fitch Ratings

14.Concluding Remarks
by Professors Rifaat Ahmed Abdel Karim, Simon Archer and Volker Nienhaus

Professor Simon Archer is Visiting Professor at the ICMA Centre, Henley Business School, University of Reading (U.K.), where he teaches on an MSc program, Investment Banking and Islamic Finance. Previously, he was Professor of Financial Management at the University of Surrey (U.K.) having been Midland Bank Professor of Financial Sector Accounting at the University of Wales, Bangor. After studies in Philosophy, Politics, and Economics at Oxford University, he qualified as a Chartered Accountant with Arthur Andersen in London and then moved to Price Waterhouse in Paris, where he became a Partner in Management Consultancy Services. In addition to being co-editor of, and chapter contributor to, Islamic Finance: Innovation and Growth, and Islamic Finance: The Regulatory Challenge (published by John Wiley), Professor Archer is co-author of the CCH International Accounting/Financial Reporting Standards Guide and the author of a considerable number of academic papers on international accounting and on accounting, finance, and related issues in Islamic financial institutions. He also supervises research students in these areas. He has carried out a number of consultancy assignments for the Accounting and Auditing Organization for Islamic Financial Institutions, the Islamic Financial Services Board, and the World Bank on issues connected with Islamic finance.

Professor Rifaat Ahmed Abdel Karim has been the Secretary-General of the Islamic Financial Services Board since 2002. Prior to his current position, Professor Rifaat was the Secretary-General of the Accounting and Auditing Organization for Islamic Financial Institutions, a post he held for more than eight years. He was a member of the Standards Advisory Council of the International Accounting Standards Board for two terms, and is currently a member of the Consultative Advisory Group of the International Auditing and Assurance Standards Board. Professor Rifaat was a Visiting