Skip to main page content
U.S. flag

An official website of the United States government

Dot gov

The .gov means it’s official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Access keys NCBI Homepage MyNCBI Homepage Main Content Main Navigation
. 2016 Jun 18;5(1):785.
doi: 10.1186/s40064-016-2400-5. eCollection 2016.

History, problems, and prospects of Islamic insurance (Takaful) in Bangladesh

Issa Khan  1 , Noor Naemah Binti Abdul Rahman  2 , Mohd Yakub Zulkifli Bin Mohd Yusoff  1 , Mohd Roslan Bin Mohd Nor  3
Affiliations

History, problems, and prospects of Islamic insurance (Takaful) in Bangladesh

Issa Khan et al. Springerplus. .

Abstract

This study explains the history, current problems, and future possibilities of Islamic insurance (takaful) in Bangladesh. To articulate these issues, the researcher has adopted the qualitative method, and data has been collected through secondary sources i.e. articles, books, and online resources. The study reveals that Islamic insurance in Bangladesh is regulated by the Insurance Act 2010 which is contradictory with Islamic insurance causing numerous problems for Islamic insurance. This study also points out that Islamic insurance is a fast growing industry with huge prospects in Bangladesh. The government should introduce separate regulations for both Islamic and conventional insurance. The research concludes with suggestions for the further development of Islamic insurance in Bangladesh.

Keywords: Bangladesh; Future prospects; Islamic Insurance; Problems; Regulations.

PubMed Disclaimer

References

    1. Abu-Hussin MF, Muhamad NHN, Hussin MYM. Takaful (Islamic Insurance) Industry in Malaysia and the Arab Gulf States: challenges and future direction. Asian Soc Sci. 2014;10(21):26–34. doi: 10.5539/ass.v10n21p26. - DOI
    1. Ahmad M (2009) Views from the Madrasa: Islamic education in Bangladesh. The National Bureau of Asian Research NBR project
    1. Ahmad E, Malik A. Financial Sector Development and Economic Growth: an Empirical Analysis of Developing Counties. J Eco Co-operat Develop. 2009;30(1):17–40.
    1. Ahmed S (2005) Testimony of Samina Ahmed to US Senate Foreign Relations Committee. http://www.crisisgroup.org/en/publication-type/speeches/2005/testimony-o.... Accessed 29 May 2013
    1. Ahmed E, Rahman Z, Ahmed RI. Comparative analysis of loan recovery among nationalized, private and islamic commercial banks of Bangladesh. BRAC Univ J. 2006;3(1):35–52.

LinkOut - more resources