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TAKAFUL PRACTICE IN TURKEY A Regulatory Approach

TAKAFUL PRACTICE IN TURKEY A Regulatory Approach. TAKAFUL PRACTICE IN TURKEY. What is Takaful ? Originates from the Arabic word Kafalah, which means "guaranteeing each other" or "joint guarantee". 2. TAKAFUL PRACTICE IN TURKEY. What is Insurance ?

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TAKAFUL PRACTICE IN TURKEY A Regulatory Approach

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  1. TAKAFUL PRACTICE IN TURKEY A Regulatory Approach

  2. TAKAFUL PRACTICE IN TURKEY What is Takaful ? Originates from the Arabic word Kafalah, which means "guaranteeing each other" or "joint guarantee". 2

  3. TAKAFUL PRACTICE IN TURKEY What is Insurance ? A risk management used to obtain coverage against the risk of a contingent, uncertain loss in exchange for payment, premium. 3

  4. TAKAFUL PRACTICE IN TURKEY • Regulating Takaful Business • A New version of insurance practice with conceptual differences • No need for a seperate Law • Regulated according to the Insurance Law 4

  5. thank you gokhan.karasu@hazine.gov.tr 5

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