Accounting, Auditing and Governance for Takaful Operations

A comprehensive guide to current issues and practices in governance for Takaful and re-Takaful operations

As  the global demand for Islamic insurance products increases, a thorough  understanding of Takaful principles is vital for accountants, auditors,  and leaders of companies offering these products. This book covers the  basic accounting principles and practices of Takaful operations,  including the segregation of assets, liabilities, income, and  expenditures between the Takaful operator and participants; the setting  aside of cash reserves for meeting outstanding claims and future claims;  and the management of revenue and expenditure. Featuring extensive case  studies from real-world situations, this book is the perfect primer for  accounting students and practitioners unfamiliar with Islamic finance  and Takaful operations.

• Written by experts from the International Islamic University Malaysia, the leading organisation in research in Islamic finance
• Covers all the major accounting principles and practices
• Based on real-world experience and packed with illustrative case studies

For  practicing accountants and business leaders, this book offers a  thorough education in Takaful operations while also serving as an  excellent guide for undergraduate students and researchers.